How different types of insurance work

LIFETIME cover comes in two forms: per condition per year, and annual cover. The first provides a maximum claim pot for each condition which resets each year. Annual cover has a maximum overall limit for all conditions – this also resets annually.

Non-lifetime cover is cheaper and comes in two forms. Here there is either a claim limit on each condition or a time limit (usually 12 months) applied to any condition that has been claimed for.

There is also accident-only pet cover which meets vets’ bills after an accident – and also includes public liability cover if an animal causes injury or an accident.