by Pawlicy Advisor
Pet Insurance Terms

What is a Renewal?

In pet insurance, a renewal is the automatic continuation of your policy enrollment. Contracts are usually a year-long, so your pet insurance policy will renew annually. Typically, pet insurance plan renewals are automatic and will continue to renew as long as you’re paying your premiums, haven’t canceled your plan, or broken any agreements within your pet insurance policy. If a pet insurance provider chooses to cancel your policy, they must provide you with at least 90 days’ notice so that you can find alternative coverage for your pet.

How Renewal Works

Depending on your pet insurance policy, a renewal may come with an increased premium cost. Some providers raise the price upon renewal for several reasons, such as inflation, increasing prices in the veterinary industry, the age of your pet, and your pet’s health status.

NOTE: Some providers offer plans with a ”guaranteed renewable”, a feature that guarantees the pet owner’s right to renew their pet’s coverage every year, regardless of their pet’s age or health status.

Key Takeaways

  • Most pet insurance plans have automatic, annual renewals, so long as you’ve kept current with your monthly premium payments and have not violated the policy terms.
  • Your monthly premium may increase when your insurance plan renews based on several factors, including the age and health status of your pet.
  • Pet insurance companies are required to provide 90 days’ notice if they choose not to renew a pet’s policy.

Related Terms

Review Ratings
Review ratings give you an idea of why other pet insurance users did or did not enjoy working with a particular provider.
Read More.
Riders are optional add-ons to pet insurance plans that provide extra coverage for veterinary costs that otherwise would not qualify for reimbursement.
Read More.
Routine Care/Wellness Add-Ons
Routine care add-ons provide wellness plan coverage for regular veterinary costs, such as wellness exams or dental cleanings.
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.
16 minute read

Is Pet Insurance Worth It in 2022? Here’s A Vet’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
MetLife Pet Insurance Logo
Hartville Pet Insurance Logo