When considering a product like pet insurance, pet owners have several types of policies to pick from, each of which offers different levels of coverage and unique benefits. These policies can include accident-only, accident and illness, and comprehensive cover.
Here, we look at accident-only pet insurance.
If your pet suffers an unexpected injury, this type of pet insurance can help cover a portion of the treatment costs. Accident-only cover is considered the most basic level of pet insurance, as it only covers treatment for your pet’s injuries.
This level of cover also has fewer benefits and lower limits compared to other types of pet insurance. For example, accident-only policies may not offer optional extras and may have a lower annual claim limit. So if your pet often gets themselves into trouble and you think you might claim a few times a year, you can consider a pet insurance policy with higher coverage and limits, like accident and illness or comprehensive.
Accident-only pet insurance coverage and benefits will differ between providers, but you can generally expect a policy to include:
Typical scenarios excluded by accident-only pet accident insurance can include:
However, you may find that some providers offer optional extras on higher-level policies (i.e. accident and illness or comprehensive) that provide a benefit towards things commonly considered exclusions on an accident-only policy, like dental treatments and behavioural therapy. Check your provider’s Product Disclosure Statement (PDS) to find out what you’re covered for and compare your options if you find you may need a higher level of cover.
There are several things you may need to keep in mind when you take out accident cover.
Your pet’s needs
Your pet’s current health, medical history and age are all factors that can affect the costs of premiums and the policies available to them. You may feel that your pet needs protection for more than just accidents.
As such, it’s always important to check your provider’s Product Disclosure Statement (PDS) to ensure that your pets needs are met.
Excesses or out-of-pocket expenses
An excess is a one-off payment per claim you pay to your insurer, while an out-of-pocket cost is the remaining amount you pay after your insurance covers their portion of your pet’s treatment.
While an excess is a fixed amount that you pay for each claim, out-of-pocket expenses will likely change with each claim, and can increase as your vet bills do.
For example, you may not be able to claim on cruciate ligament injuries until a certain amount of time has passed (e.g. six months). This can vary from insurer to insurer so make sure to review your Product Disclosure Statement (PDS) for exact details.
Most policies will outline which specific accidents and injuries are covered in their Product Disclosure Statement (PDS), so make sure you get a policy that meets your needs.
If you’re looking to get your pet covered for illnesses, you can read about accident and illness cover, as well as comprehensive coverage, in our guide to different types of pet insurance.
The premium you pay for your pet accident insurance will likely be different from that paid by other pet owners. This is because premiums are calculated using factors that are unique to you and your pet, like the level of cover you’ve chosen and your pet’s age, breed and health.
If you’d like to find out how much accident-only pet insurance might cost, you can get a quote through our pet insurance comparison service.
Most providers will offer accident-only insurance for dogs and cats; this is also the case for other levels of pet insurance. If you want to cover a different animal – like a horse – you may need to seek a policy from a specialist provider.
There is no single ‘best’ accident-only policy because the best policy for you and your pet is probably different to the best one for someone else. The best accident-only insurance is one that meets all your pet’s needs, provides adequate cover and suits your budget.
Despite even the best care and devotion we can show them, there’s no telling when a pet might get injured through an accident. Vet bills can quickly climb as well, so having an insurance policy in place to take care of the financial side of things means you can put your full focus on helping your furry friend get back to full health.
Besides, our pets are a beloved and treasured part of our families, so wouldn’t you want to protect them as much as possible?