What is a co-payment?

A co-payment is a way to make your overall insurance price cheaper. However, if you make a claim you'll have to pay 20% of the total claim amount after the fixed excess has been deducted.

With Co-op Pet Insurance co-payment applies when your pet turns 6 years old. You can also choose to add a 20% co-payment if your pet is under 6 years old when your policy starts.

Here is an example of how a 20% co-payment would work if you have a pet insurance claim for £600, and your policy has a £100 fixed excess.

1. First, you'll pay your fixed excess of £100. This reduces the £600 vet bill to £500 (£600 - £100).

2. Then, you'll pay your co-payment on the remaining amount. Since your co-payment is 20%, you'll pay 20% of £500, which is £100

So, for a vet bill of £600, you'd end up paying £200 (£100 excess + £100 co-payment). We would cover the remaining £400.

If you were previously a Saga customer, your co-payment may be different. For more information on the co-payment, view the policy for former Saga customers.