Maximum benefit pet insurance

Find out everything you need to know about maximum benefit pet insurance, and whether it's right for your furry friend.

Updated

Vet fees can really escalate, particularly if your pet needs expensive surgery or suffers from a recurring condition like diabetes.

A maximum benefit pet insurance policy could be for you, if you’re looking for a good level of cover at a decent price. Read on to find out how this type of insurance works and see some pros and cons for going down this route.

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What is maximum benefit pet insurance

Maximum benefit pet insurance is one of the four main types of insurance policies you can get for your furry friend.

It’s not quite as comprehensive or pricey as a lifetime policy but it certainly offers more protection than accident-only and time-limited policies.

With a maximum benefit deal your pet should be covered for accidents and illnesses with no time limit. So unlike with a time-limited policy you can claim for the same condition year after year.

This could save you from paying through the roof for a recurring problem like arthritis or diabetes for example.

However, there is a financial cap for each condition your pet suffers from. So the policy will stop paying for veterinary treatment for a certain illness or injury at a certain point, typically at about the £1,500 mark.

However, the maximum payout limit will depend on the provider and policy you choose.

Difference between maximum benefit and lifetime pet insurance

The key difference is lifetime pet insurance offers your furry pal far more protection for each individual injury or ailment.

With a maximum benefit policy the insurer will only hand over so much money for each specific injury or illness.

Say your pet suffers from arthritis and the policy limit is £1,500. Once vet fees for your pet’s arthritis reach that amount, you’ll have to start paying out of your own pocket.

You won’t have this problem with a lifetime pet insurance policy though, as these limits are refreshed each year.

What does maximum benefit pet insurance cover?

Maximum benefit pet insurance will typically pay for vet bills that result from the following:

  • Accidental injury
  • Illness, including behavioural illnesses if referred by your vet
  • Physiotherapy if referred by your vet

A maximum benefit policy can help when your pet dies, or if it needs to be put down due to illness or injury.

A maximum benefit deal can compensate you the purchase price of your pet if it goes missing. It might offer financial help for advertising and reward costs too.

It’s crucial you report that your pet is missing to the police too, otherwise the insurer might refuse to pay out.

Should your dog damage someone else’s property or if it hurts or kills someone, then the insurer will pay for any court costs.

A good policy should cover you for hundreds of thousands of pounds worth of third-party liability fees.

What does maximum benefit pet insurance not cover?

Each insurer will have reasons why it won’t pay out. However, typical reasons a maximum benefit pet insurance policy won’t pay out include:

  • Pre-existing conditions, which can mean any illness that shows clinical signs or symptoms before the policy starts. Or even with the first 14 days of it beginning.
  • Any injuries or conditions due to an accident that happened before the pet insurance policy started.
  • Dental or gum treatment.
  • Treatment for behavioural issues.
  • Regular check-ups or vaccinations.

Pros and cons of maximum benefit pet insurance

Pros

  • Comprehensive but more affordable than a lifetime deal
  • Can help with recurring conditions like arthritis

Cons

  • You could be left paying out of your own pocket for expensive vet treatments
  • Maximum payout limits aren’t reset every year

Frequently asked questions

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