Pet damage insurance

Ive always thought accidental damage insurance of any kind is a waste of money, as policies normally have an excess per claim, so 2 holes in a wall would be classed as 2 separate claims so just costs too much with excess fees and therefore pointless.

Is this the same with pet damage insurance? I can’t imagine insurers paying up large sums when irresponsible tenants leave your worked-your-balls-off to get investment property in a completely stinking chewed up urine soaked mess?