Policy Year

by Pawlicy Advisor
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Policy Year

What is a Policy Year?

The policy year is a 12 month-long period of coverage under an individual insurance plan.

More specifically, it’s the period of time between your pet insurance policy’s date of enrollment and one-year anniversary. It’s important to know the dates of your policy year, because it affects your maximum payout per year, as well as various rates, policy terms, and so forth.

How a Policy Year Works

A policy year does not necessarily line up with the traditional calendar, because you can enroll in a pet insurance policy at any time. If you have pet insurance for multiple pets, then they will each have a different policy year, unless they all enrolled in an insurance plan on the same exact date.


Key Takeaways

  • A policy year is the 12-month period of time between your pet insurance policy’s anniversary of enrollment.
  • Policy years do not align with the traditional calendar year but are instead the anniversary of when you first purchased your pet insurance policy.
  • Each insured pet and their plan will have a unique policy year.

Related Terms

Pre-Existing Condition
Pre-existing conditions are health conditions that have been diagnosed before you enrolled your pet in a health insurance plan, or before the required waiting period has passed.
Read More.
Premium Rates
A pet insurance premium (also known as your “rate”) is the amount of money you pay for your pet insurance policy.
Read More.
Quote
Quotes are temporary snapshots of what your expected monthly pet insurance premium will cost based on the information you provide.
Read More.

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