Pet Insurance
InsuranceGlossary term
Definition
Health insurance for pets that reimburses veterinary costs for accidents, illnesses, and sometimes routine care. Policies typically cover 70-90% of eligible costs after a deductible. Premiums depend on species, breed, age, and location.
Related terms
- PremiumThe amount paid for an insurance policy, typically monthly, quarterly, or annually. Premium costs vary based on coverage amount, deductible, and risk factors.
- DeductibleThe amount you must pay out-of-pocket before your insurance coverage begins. Higher deductibles typically result in lower premium costs.
- Exclusions (Insurance)Specific conditions, events, or circumstances that an insurance policy does not cover. Common exclusions include pre-existing conditions, acts of war, intentional damage, and flood damage in standard homeowners policies. Understanding exclusions prevents coverage surprises.
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