Why Pet Insurance Should be Focusing on the Tail Risks

What is pet insurance?

At its core, pet insurance helps to cover the cost of vet bills when a pet gets sick or injured. In Australia, it typically comes in three forms:

• Accident-only which covers vet costs arising from accidental injury
• Accident and illness which covers vet costs arising from both accidental injury and illness
• Accident and illness with routine care which adds cover for “routine care” expenses, such as vaccinations or dental check-ups

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