The definition of an exotic pet varies from insurer to insurer. However, as a common rule of thumb, it will generally refer to any animal that calls for insurance apart from a cat or dog, or possibly a horse (that is normally covered by distinct equine insurance coverage policies). Some other common pets such as a hamster or goldfish will not be classed as exotic pets, but an owner would rarely consider it worth insuring these pets.

What makes an exotic pet insurance policy different?

You’ll find various reasons why the prospective payouts, and thus the premiums, maybe greater with exotic pets. These involve the following:

High-value pets including rare birds or reptiles are potentially at a higher risk of getting stolen. If you have a policy that pays for replacing the pet, the payout will also be larger in these circumstances. It is also a lot more most likely …