Types of Dog Insurance - Types of Dog Insurance Explained

Types of Dog Insurance Explained

Canine pet owners have the opportunity to choose from various types of dog insurance. You just need to know what is available and take into account your needs, requirements, preferences and budget. The important thing is to secure your pet's wellbeing and your own peace of mind. Consider the main options available and pick the best one for you and for your best friend.

Dog Health Insurance

This is certainly the primary type of policy to consider among the different types of dog insurance. Its main purpose, as its name suggests, is to cover the medical expenses that you incur when your pet needs treatment. To be precise, it is designed to pay for vet fees.

A typical policy will pay for the treatments of all kinds of illnesses and injuries. Typically, pre-existing conditions, preventive treatments and cosmetic treatments are excluded. Still, most insurers will cover dental care, complementary therapies and sometimes even hereditary conditions.

The sub-types of dog health insurance are:

Lifetime policies - These are valid throughout the entire duration of the animal's life. You purchase a set maximum amount of coverage per year. You can make as many claims on as many conditions as necessary provided that the total amount claimed does not exceed the annual maximum. This is the most comprehensive and most flexible type of cover and it is the most expensive as well. It is recommended for dogs at fairly high risk of chronic illnesses and injuries.

Per-condition policies - This one of the types of dog insurance has caps per condition. As a policyholder, you are entitled to a set maximum amount of coverage for each illness and injury your dog may suffer from in the future. Usually, this amount is the same for all conditions. You will be able to make only one claim per condition and the insurer will pay up to the set maximum cap. This type of policy is less flexible, but much cheaper. It is usually preferred by owners of younger pets.

Time-limited policies - These have per-condition and time caps. You are allowed to make a single claim per condition. The insurer will cover your pet's treatment cost up to the maximum amount per condition or up to the date of the expiration of the policy, depending on which one is reached first.

All owners are recommended to pick one of these types of dog insurance so that they can transfer a chunk of the vet bills to the insurer. Do not assume that your pet will not need treatment even if it is young, strong and perfectly healthy.

Senior Dog Insurance

This is one of the fairly new types of dog insurance. In the past, companies would just refuse to cover pets above the age of 8 or 10. Now many offer special plans for old animals. These do not differ much compared to the standard health insurance plans. In fact, you can choose from all of the main types described above. You will most likely have to pay slightly more, but it will be totally worth it.

Accident and Injury Dog Insurance

This policy is designed to cover any costs associated with the treatment of your pet's injuries when they are caused by an accident. All kinds of accidents are covered for. These include road accidents and attacks by other animals. Your canine pet will get treated for various kinds of injuries from cuts and wounds to fractures and poisoning.

The typical accident and injury policy has a cap per injury. There is a maximum amount of coverage which you can claim for a single injury. Typically, you can make only one claim per injury. You should pick this kind of policy among the different types of health insurance if your pet is active and difficult to control at times and/or if it is predisposed to injuries.

Other Types of Dog Insurance

There is a range of other types of policies. The most specific thing about them is that sometimes they are offered separately while in many cases they are included in the primary health insurance plan that you purchase. It is up to you to decide whether these will be useful for you to have or not.

Third party liability or public liability insurance is designed to cover you in case your pet causes bodily injury or property damage to third parties. If a claim is made against you as the owner of the dog, you will be able to use the money from the policy to pay the necessary compensation to the individual. Such a policy is useful to have even if your dog is friendly and relaxed as anything may happen.

Overseas travel policies are designed to cover your pet when you take it abroad with you. All the standard types of dog insurance cover benefits are included plus quarantine and lost passport benefits. The insurer will even pay your accommodation if you have to stay for longer in the respective country due to your dog getting sick or due to loss of its documentation.

All of these types of dog insurance are useful and can save you a lot of money. You should consider the risks your pet is exposed to and buy the most useful policy for it and for you.