Should You Take Out A Lifetime Pet Insurance Policy | will never contact you by phone to sell you any financial product. Any calls like this are not from Moneyfacts. Emails sent by will always be from Be Scamsmart.

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Derin Clark

Derin Clark

Online Reporter
Published: 12/04/2021

A year of lockdowns has seen a boom in pet ownership, with millions of households acquiring new pets and, as pets can quickly become part of the family, pet owners will want to ensure that they are fully taken care of when ill or injured.

Taking out pet insurance will help to ensure that pets can be treated if they fall sick or are injured, without owners having to worry about how they will pay for vet bills. One of the most popular types of insurance for providing long-term peace of mind to pet owners is lifetime pet insurance. Here we look at what lifetime pet insurance is, whether it is worthwhile taking out and the alternative options available.

What is lifetime pet insurance?

Lifetime pet insurance is designed to help cover the costs of owning a pet throughout the pet’s life. It is usually considered the most comprehensive cover available for pets, although there are different types of lifetime pet insurance cover available, so the level of cover that is offered will depend on the option the pet owner takes out. For example, lifetime pet insurance will usually cover vet bills, excluding routine treatments, up to a financial limit, with the pet owner having to pay additional costs over the limit – this means that pet owners who set the limit low may have to pay out more towards vet bills over the course of their pet’s life than those who set the financial limit much higher.

What does lifetime pet insurance cover?

Normally, along with vet costs, lifetime pet insurance will cover a range of services, including: kennel or cattery costs (again this is often set to a financial limit), third-party liability cover, which covers the costs if your pet injures someone or damages their property, dental cover, compensation if the pet is lost or stolen, often including covering the costs of trying to find the pet, cover the cost of the pet if it dies (usually this is set to an age limit), as well as contributing towards the costs of euthanasia, cremation and burial.

How to reduce the cost of lifetime pet insurance

Due to the comprehensive cover offered by lifetime pet insurance, it is often the most expensive pet insurance available. Saying this, there are ways pet owners can reduce the cost of taking out lifetime pet insurance cover.

Firstly, lifetime pet insurance cover is one of the most common types of pet insurance available, so pet owners should shop around to ensure that they get the best deal available. A good place to start is by looking at our pet insurance page, which highlights the pet insurance policies that have been independently judged and awarded Moneyfacts’ five and four-star ratings.

Pet owners can also reduce the cost of the lifetime pet insurance cover by opting for lower financial limits, but it is important to remember that the lower the financial limit will mean having to pay higher excess costs when covering vet bills.

What alternatives are available?

Although lifetime pet insurance is usually the most popular type of pet cover available, there are other options available. Two other common types of pet insurance are annual and accident-only policies, both of which are normally cheaper than lifetime pet insurance. Annual pet insurance covers and contributes towards costs for a set period, usually one year, after which the pet owner has to renew the insurance or take out different pet insurance. Accident-only pet insurance will only cover or contribute towards costs incurred due to an accident and, although this is often the cheapest type of pet insurance available, in the long-term it can be more expensive, especially if the pet becomes ill and has to have many vet visits.

For more information about pet insurance and to see what deals are available, visit our pet insurance page.


Information is correct as of the date of publication (shown at the top of this article). Any products featured may be withdrawn by their provider or changed at any time. Links to third parties on this page are paid for by the third party. You can find out more about the individual products by visiting their site. will receive a small payment if you use their services after you click through to their site. All information is subject to change without notice. Please check all terms before making any decisions. This information is intended solely to provide guidance and is not financial advice. Moneyfacts will not be liable for any loss arising from your use or reliance on this information. If you are in any doubt, Moneyfacts recommends you obtain independent financial advice.

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