Lifetime Dog Insurance - What does lifetime dog Insurance cover actually mean?

Lifetime Dog Insurance Cover Explained

Protection for your dog for life

Your canine pet deserves all the love and care that you can provide. Buying lifetime dog insurance may be one of the best things you will ever do for your much loved pooch. Your dog will get the best treatment regardless of the cost and you will not experience the burden on your budget. Before you go for such a policy, however, you should certainly learn more about it.

How does lifetime dog insurance work?

The term "lifetime" is used to indicate that the policy will be valid for as long as your pet lives. Your task is to renew it on an annual basis. For the money you spend on the lifetime dog insurance, you will receive a certain amount of coverage. This amount of coverage is fixed per year. This means that you are allowed to make claims up to this amount.

One thing which sets this type of policy apart from its counterparts is that there is no limitation on the number of claims you can make per condition. For instance, if your pet gets a viral infection in April and falls ill again due to the same infection in August, the insurer will accept your claims and will pay for both treatments. Similarly, there are no coverage limitations per condition. You can spend as much as necessary on the treatment of a certain medical problem that your pet has provided that the amount does not exceed the annual limit.

Are there any limitations and exclusions to the typical lifetime dog insurance policy?

Such policies are usually available for canine pets between 6 weeks to 8 years of age. Some companies may set different age limits. There are underwriters that set the lower age limit to 8 weeks. There are also insurers that will cover dogs that are as old as 10 years. It is possible that an upper limit does not exist at all. You will have to check specifically for each policy which you are considering.

There are usually no limitations to the types of conditions which can be treated. The typical lifetime dog insurance policy covers both chronic and hereditary conditions as well as acute illnesses and injuries. However, pre-existing conditions are usually not covered. If your pet already has arthritis, for instance, the insurer may refuse to cover this illness. They may not provide a policy at all. Since the different companies have different rules regarding hereditary, chronic and pre-existing conditions, it is best to make a direct inquiry.

The standard exclusions to the vet fee cover apply. The costs associated with vaccinations, flea control and castration and spaying are not covered. You will have to pay for the respective veterinary services out of your pocket. It is highly unlikely that you will find a policy which covers these treatments.

What types of cover are included in lifetime dog insurance?

The vet fees cover is the main one. As highlighted earlier, it pays for all the treatments that your dog may require during the year up to the annual maximum. Typically, there is also boarding fee cover which pays for the stay of your pet in a kennel, if you fall ill and have to stay in hospital.

The third party liability cover is present in virtually all lifetime dog insurance policies. It is designed to compensate individuals who suffer bodily injuries and/or property damage caused by your pet. Sometimes, this cover is divided into two different parts - one for injuries and one for damages.

The typical policy also includes theft and straying cover, advertising and reward cover, holiday cancellation cover and death benefit. Sometimes, it is possible to drop one or more of these additional covers in order to save. However, most insurers do not allow for a great amount of flexibility when it comes to choosing the types of coverage.

How much does lifetime dog insurance cost?

It is worth looking at the types of payments associated with this kind of policy so that you can get a better idea about the overall cost. You will have to pay an annual premium. This sum is usually fixed. For convenience, it can be divided into monthly payments. Usually, you incur no extra cost if you decide to pay monthly rather than annually.

Every time you make a claim on your lifetime dog insurance policy, you will have to pay an excess also known as an excess fee. The amount of the excess is determined based on the terms and conditions of the policy and on the general rules which the underwriter applies. Sometimes, the excess is a fixed some. In other cases, it is a percentage of the claim. Typically, the bigger the claimed amount is the smaller the excess percentage is and vice versa. The insurer may charge a flat fee plus a percentage of the claimed amount. It is best to check with the specific company.

In general, this type of policy is the most expensive compared to its counterparts. However, it gives you maximum flexibility and allows you to provide the best treatment to your canine. The good news is that you can save by shopping around and using discounts.