Maximum Benefit Pet Insurance
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Maximum Benefit Pet Insurance

What is maximum benefit pet insurance?

Maximum benefit pet insurance policies allow you to claim for illness and injuries up to a pre-set limit. It’s typically seen as a mid-range option. Unlike time limited policies, you’ll be able to claim for the same condition more than once. However, once you’ve reached the policy limit, you’ll have to pay for further treatment yourself.

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What are the pros and cons of maximum benefit pet insurance?

Pros

  • No time constraints if you renew your policy
  • When you’ve reached the limit for one condition, other conditions can still be covered
  • Perfect for covering costs if your pet needs ‘maintaining’ medication for their whole life

Cons

  • Only covers new illnesses and injuries, not pre-existing conditions
  • When you’ve reached the limit for a particular condition, you won’t be able to claim for that condition again
  • If your pet needs an operation, you could reach the limit very quickly
  • The maximum amount isn’t reset every year, if you use 50% of the maximum benefit in one year, you’ll only have 50% left for the remaining years


What does maximum benefit pet insurance cover?

Maximum benefit pet insurance policies cover each new medical condition up to the policy limit, for as long as the policy remains in place. Once you reach the policy limit for a condition, it will be classed as a pre-existing condition and will be excluded from future claims. Most providers offer multiple maximum benefit policies with different policy limits so that you can find a policy that’s within your budget. The lower the policy limit, the lower the premium will be.



Is maximum benefit pet insurance right for me?

Maximum benefit pet insurance is more comprehensive than time limited or accident only pet insurance. Because of this, premiums are slightly more expensive. The main downside to maximum benefit pet insurance is that once you’ve reached the policy limit for a condition, you can no longer claim for that particular condition again in the future, even if you change insurer or take out a lifetime policy. This can be risky as your pet could develop an ongoing condition that needs treatment for life but with a maximum benefit policy, you’ll only be able to claim up to the policy limit or until the policy term ends. If you opt for a lifetime pet insurance policy instead, you can claim up to a fixed amount per condition, which resets each year you renew your policy. Lifetime policies are slightly more expensive than maximum benefit policies but they do offer you and your pet more security in the long run.



Can I claim for the same condition more than once?

Yes, if you have a maximum benefit pet insurance policy it's possible for you to claim for the same condition more than once. However, once you've reached the maximum limit for that particular condition, it will be excluded from cover and you won't be able to make a claim for it again. For example, if your policy has a limit of £7,000 and your pet develops arthritis, you can claim up to £7,000 for that condition for as long as you renew the policy. Once you've hit the £7,000 limit, claims for arthritis will no longer be covered and it will be classed as a pre-existing condition. Even if you were to change insurer, you would have to declare the condition and it would be excluded from cover, unless you took out a policy with a specialist pet insurance provider.



What other types of pet insurance can I get?

There are three other types of pet insurance policies available: 




Maximum Benefit Dogs
 
 


Compare pet insurance providers

Compare pet insurance providers on Compare by Review today. We’re the first and only comparison site that ranks pet insurers exclusively on customer experience and product quality rather than price. Our full table of providers gives you an impartial and unbiased overview so you can purchase pet insurance from a high-quality provider that you can rely on when you need them most.

 

1st

Review Score

9.7

based on 164 reviews

Cheapest dog quote

£47.78

per month

Cheapest cat quote

£19.77

per month

Maximum vet fees

£7k

per condition

Cover from

8

weeks
Three levels of pet insurance cover to choose from. You can claim against an unlimited number of unrelated conditions per year.

2nd

Review Score

9.3

based on 8634 reviews

Cheapest dog quote

£54.54

per month

Cheapest cat quote

£17.24

per month

Maximum vet fees

£12k

per year

Cover from

6

weeks
Petplan pay out 97% of claims they receive and 90% of policyholders renew their cover with them each year.

3rd

Review Score

9.24

based on 522 reviews

Cheapest dog quote

£35.52

per month

Cheapest cat quote

£17.42

per month

Maximum vet fees

£12k

per year

Cover from

6

weeks
4Paws allows you to pay monthly at no extra cost. They also have a 24/7 emergency claims line so you can make a claim anytime, anywhere.