Pet insurance can help pay for eligible vet bills by reimbursing you for a percentage of the costs (up to the policy’s annual claim limits).*
There are different levels of pet insurance available – and the level of cover for each will vary, depending on the insurer.
A basic, no-frills policy that’s designed to cover your pet if it’s injured in an accident.
Keep in mind that the insurer typically covers a portion of costs for eligible treatment (e.g. up to 60% of the costs). This percentage will vary depending on the insurer and the policy.
You’ll also have annual claim limits up to a certain dollar figure, so this policy may not work for you if your pet has a lot of health issues.
However, a basic pet insurance policy can cover older pets (unlike higher levels of pet insurance), so long as your pet is typically under 16 years old.
Accident and illness
For a mid-range option, you could consider accident and illness cover. As its name suggests, this type of policy covers your pet if it’s injured in an accident or falls ill.
There are typically fewer condition limits than accident-only cover, and you’ll be able to claim up to a higher percentage back on eligible vet bills.*
This top-level cover includes higher annual limits as well as features found in accident and illness policies. Plus, you have an option to add routine care for an additional premium to cover things like worming and vaccinations.
Depending on the insurer, you can typically claim up to 85%* on eligible vet bills, but you can usually only insure younger pets (e.g. under nine years old).
* Exclusions are applicable, such as any pre-existing conditions and certain illnesses. Benefit limits, sub-limits and annual condition limits may apply.