Maximum Lifetime Payout

by Pawlicy Advisor
Pet Insurance Terms
Maximum Lifetime Payout

What is a Maximum Lifetime Payout?

A maximum lifetime payout is the maximum amount of money that a pet insurance provider will reimburse you during your pet’s lifetime. After you’ve hit your maximum lifetime payout, your pet insurance provider will end your pet insurance policy, and you will not be reimbursed for any further veterinary expenses.

How Maximum Lifetime Payout Works

Once you’ve reached your policy’s maximum lifetime payout, you can no longer receive reimbursement for veterinary costs. Always be sure to read the fine print, including the maximum payout details, so that you’re not unpleasantly surprised later on when you make a claim. Pawlicy Advisor is always transparent about the deals we find from top insurance providers, and we’re happy to answer any questions you might have for help along the way.

Key Takeaways

  • A maximum lifetime payout determines the maximum amount your pet insurance provider will reimburse you for eligible claims during your pet’s lifetime.
  • When comparing pet insurance, it’s vital that you take note of each plan’s maximum lifetime payouts so that you’re not surprised later on.

Continue Reading

Maximum Limit/Payout Per Year
A maximum limit or payout per year (also known as Annual Limit) is the maximum amount of money a pet insurance provider will reimburse you for eligible claims within a given year.
Read More.
Maximum Payout Per Incident
A maximum payout per incident is a ceiling set on how much money you can receive in reimbursed veterinary expenses for any given pet insurance claim.
Read More.
Multi-Pet Discounts
Multi-pet discounts are offered to pet owners who insure multiple pets under the same insurance provider.
Read More.

See related articles

This pet insurance comparison guide will help you understand the types of pet insurance available, find out what each plan covers, discover top providers, and find the best coverage and price options across the web.

17 minute read

How To Compare Pet Insurance Plans

Pet insurance can help you pay for the cost of veterinary care if your pet becomes sick or injured. Learn more about how pet insurance works and what it covers here.

18 minute read

How Pet Insurance Works: Your Essential Guide

Wondering if pet insurance is worth it for your dog or cat? We cover EVERYTHING pet parents should consider when making the decision to enroll in coverage.

16 minute read

Is Pet Insurance Worth It? Here's A Vet's Perspective

If your pet has a pre-existing condition, don’t panic just yet. You can still get pet insurance coverage, and you likely have other options to save on your vet bills, too.

7 minute read

Is There Pet Insurance That Covers 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
ASPCA Pet Health Insurance Logo
Pets Best Pet Insurance Logo
Embrace Pet Insurance Logo
Pumpkin Pet Insurance Logo
MetLife Pet Insurance Logo
Prudent Pet Insurance Logo