Annual Limit

by Pawlicy Advisor
Dictionary
>
Pet Insurance Terms
>
Annual Limit

What is an Annual Limit?

An annual limit is the maximum amount of money your pet insurance provider will reimburse you for within one year and varies dramatically depending on your pet insurance plan. Some pet insurance plans offer “unlimited” annual coverage limits, which will prevent you from ever hitting a reimbursement cap. Other plans may have annual limits ranging from $2,500 to $25,000 for the year.

How Annual Limits Work

Your particular pet insurance plan determines your annual limit. It dictates what the maximum amount your insurer will reimburse you for in a year after you’ve hit your deductible. Let’s say your annual limit is $10,000 each year, and your pet ends up qualifying for $15,000 worth of reimbursements within one year. Since your annual limit is $10,000, everything after $10,000 reimbursed within a given year will be up to you to pay until the next year when your policy renews for the new year.


Key Takeaways

  • An annual limit is a cap for how much an insurance company will reimburse you in one year.
  • After you’ve hit your annual limit, you will be responsible for any remaining veterinary fees.
  • Some pet insurance plans offer “unlimited” annual coverage so that you don’t have to worry about hitting a cap.

Related Terms

Average Days to Reimburse
The average number of days to reimburse is how long it typically takes for your pet insurance plan provider to reimburse you for any eligible claims made.
Read More.
Benefits
Benefits are the veterinary care items and services covered under your particular pet insurance plan.
Read More.
Benefit Schedule
A benefit schedule is a structured list of illnesses and diagnoses covered under your pet insurance plan and the maximum amount of money your plan will reimburse you.
Read More.

See related articles

Dog covered from bad weather under Pawlicy umbrella

14 minute read

How Does Pet Insurance Work & What Does It Cover

Puppy Dalmation at a veterinary checkup.

24 minute read

Is Pet Insurance Worth It? Here’s A Veterinarian’s Perspective

pet insurance comparison showcase

18 minute read

How To Compare & Find The Right Pet Insurance

pug with pre-existing condition wrapped in a blanket

7 minute read

Pet Insurance Options for Pre-Existing Conditions

Girl holding dog

Compare Top Pet Insurance Companies

A family with pets that are insured by Pawlicy Advisor
Pawlicy Advisor is the leading independent marketplace for finding the best coverage for your pet at the lowest rate.
Join 2,438,795+ insured dogs and cats across the US.
Get a Quote
Our pet insurance partners
Pets Best Pet Insurance Logo
ASPCA Pet Health Insurance Logo
Figo Pet Insurance Logo
Petplan Pet Insurance Logo
PetFirst Pet Insurance Logo
Hartville Pet Insurance Logo