Pet insurance and Vet pay are becoming more and more popular in Australia. It offers you peace of mind as it covers some or all of the treatment costs if your pet was ever involved in an accident or suffers a sudden illness. There is no equivalent of Medicare for pets, thus often treatment costs exceed what an equivalent problem would cost for a human patient.
What does pet insurance cover?
Individual packages vary in the type of treatment covered. However, they usually include most accidents and unexpected illnesses.
You need to consider the differences between policies, in particular, the claim excess amount, proportion of treatment costs covered, annual claim limit, age restrictions, pre-existing illness exclusions and policy costs.