Your Petco Insurance plan covers accidents and illnesses. Your coverage will take care of costs for injuries and emergencies related to accidents, like torn ligaments, bite wounds, cuts, broken bones, lodged foreign objects and toxic ingestions. View a sample policy by state by clicking here. If your pet’s pre-existing condition is curable and has been cured and free from treatment and symptoms for a period of 180 days, it is a new occurrence. This does not apply to ligament and knee conditions.