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.