Co-payment means you pay a percentage of every vet bill you claim for. This is in addition to your excess.
Choosing co-payment reduces your monthly price, but it also means you’ll need to pay more when you make a claim.
How co-payment works
The £250 excess is taken first
The 20% co-payment is applied after the remaining value of your bill
Your annual limit reduces by the amount we pay
Examples of what you would pay:
Example: £2,000 annual limit, £250 excess, 20% co-payment
Co-payment Example
Example 1: First claim in a policy year
Mr. Green’s policy: £4,000 annual limit, £100 excess, 20% co-payment
First vet visit – £1,000 vet bill (new condition)
The £100 excess is deducted first
20% co-payment is applied to the remaining £900 = £180
Mr. Green pays: £100 (excess) + £180 (co-payment) = £280
We pay: £720
Remaining cover: £3,280
Example 2: Follow-up visit for the same condition
Subsequent vet visits for the same condition in the same policy year (For example, a £500 vet bill)
No excess charged again (already paid this policy year for this condition)
20% co-payment applied to the £500 vet bill = £100
Mr. Green pays: £100
We pay: £400
Remaining cover: £2,880
Co-payment example
Mr. Green’s policy: £4,000 annual limit, £100 excess (Claim Contribution), 20% co-payment
Mr. Green receives his first vet bill of £1,000 for a new condition. Mr. Green will have to pay the Excess of £100 and 20% of the total bill, which is £200. That means Mr. Green’s total payment towards the bill will be £300 and we will pay the remaining £700. Mr. Green’s remaining Annual Limit for vet fees will be £3,100 for the rest of the policy period.
If Mr. Green has to take his pet back to the vet during the same policy period and receives a vet bill of £500 for the same condition, Mr. Green will only have to pay the 20% co-payment. That means, Mr. Green will have to pay £100 and we will pay the remaining £400.
His remaining Annual Limit for vet fees will now be £2,600 for the rest of the policy period.