Time limited pet insurance
Worried about the expensive pet insurance premiums? Consider time limited pet insurance and compare deals now.
If your pet is healthy and you want to keep insurance premiums down, you might want to consider time limited pet insurance. This can cover against any injury, accident or illness for a fixed amount of time and often for up to a fixed amount of money. Read our guide to understand how time limited pet insurance works and if it can offer you the right kind of cover for your pet.
What is time limited pet insurance?
Time limited pet insurance offers basic cover for eligible short-term health conditions or accidents within a certain period of time, usually 12 months.
Policies vary between insurance providers but by and large, you’ll find a set amount is allocated to treat each injury or illness. And there will also be a set amount of time in which your pet can receive treatment for each injury or illness.
After the set amount of time has ended, the policy will need to be renewed. But if a claim was made for a particular condition during the previous policy period, that same condition would then be excluded from the new policy as the insurer would now refer to it as a pre-existing condition and you would be left footing any cost relating to the pre-existing condition.
Policy conditions will also vary between pet insurers. For example, with time limited pet insurance being offered to a pet for a period of 12 months, some insurers may consider beginning that 12 month time period from when the injury or condition is first discovered or diagnosed. Other insurers may consider beginning that 12 month time period once the very first treatment begins. Alternatively, there may be some insurers that actually begin the 12 month time period from when the first claim is made.
It’s always wise to shop around and compare deals and the cover offered to ensure you have the right level of protection for your needs.
What does time limited pet insurance cover?
Under this policy, pet insurers will cover any veterinary bills associated with a particular accident or illness up to a certain amount and for a certain amount of time. Once the limit has been reached or the time period runs out, you won’t be able to make any further claims and the injury or illness will become a pre-existing condition.
What does time limited pet insurance not cover?
- Pre-existing conditions
- Routine check ups or vaccinations
- Worm or flea treatment
- Bilateral conditions, which are injuries or conditions that develop in a body part in one side of your pet where there is an identical part on the other side, such as eyes, ears or hips, etc.
What other types of pet insurance are available?
Pet insurance is generally available in four different types. Besides time limited pet insurance, there is:
- Lifetime pet insurance. This offers the most comprehensive cover for your pet throughout its lifetime but usually comes at a high price. These policies are usually renewed each year.
- Maximum benefit pet insurance. This offers cover for conditions and accidents up to a certain amount. Once that limit has been reached, the insurer won’t pay out any more and it’s the pet owner’s responsibility to cover any bills.
- Accident only pet insurance. This offers a basic level of cover and will usually come with payout or time limits. It may also include cover if your dog is responsible for injuring someone else but this can vary with insurers.
Pros and cons
- It is the most affordable cover that protects against illnesses or conditions.
- There usually isn’t an upper age limit so older pets can take advantage of this policy.
- Treatment for an accident or condition will only usually last 12 months.
- You will likely only be able to make one claim per condition or injury.
- A policy term is usually 12 months so if treatment for an accident or condition continues into the next year, it will likely be excluded from cover thereafter and be referred to as a pre-existing condition.
Frequently asked questions
More guides on Finder
Compare the best business credit cards of 2021
Saving time on expense reports and streamlining your cash flow are just a couple of the many perks you could enjoy with a business credit card. Compare interest rates and check your eligibility today.
Multi bike insurance
Consider your options with multi motorcycle insurance and learn about ways to save on your insurance premiums.
Accident and sickness insurance
Learn what accident and sickness insurance means, what it includes and whether it’s worth taking out.
Income protection for contractors
Find out what contractor income protection is, what it includes and who can benefit from taking out a policy.
In the event of being made redundant, insurance can provide financial protection. Find out what’s included in redundancy insurance.
Loan protection insurance
If you find yourself unable to work, a loan protection insurance policy will pay out monthly benefits straight to your bank account.
Payment protection insurance
Despite its questionable past, PPI can help protect you financially if you lose your income and are unable to make repayments on loans.
Types of bank accounts
Should you get a current account, a savings account, or both? What about joint accounts and premium accounts? Banking can be messy if you don’t know the jargon. This guide looks at the main types of bank accounts and what services they offer to help you figure out what you need exactly.
Shareholder protection insurance
Read our comprehensive guide on shareholder protection cover, including how it works, pros and cons for taking out a policy and how to set cover up correctly.
How does life insurance work?
Find out how life insurance works and what policy is right for you.