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How do pet insurance deductibles work?

Team Walmart Pets

July 23, 2021


min read

If you're ever been to the doctor or had to file a claim for your car insurance, you've likely had to deal with deductibles. They are a common part of most insurance policies, including health insurance, car insurance and pet insurance.

What is a deductible on pet insurance?

It’s the fixed amount you must pay before you see reimbursement from your pet insurance provider.

Many providers offer customizable plans, allowing you to choose a deductible that suits your budget and your pet’s needs. Whether you choose one as low as $250 or as high as $1,000, it’s important to know how deductibles work before customizing your Walmart Pet Insurance policy.

How does a pet insurance deductible work?

While the cost of your pet’s coverage depends largely on your pet’s breed, age and where you live, the deductible you choose will also impact your monthly premium.

  • A lower deductible tends to result in a higher monthly premium, but you’ll reach the reimbursement level quicker.
  • A higher deductible works in the opposite fashion: lowering the amount due each month but possibly taking longer to meet the deductible limit.

What is an annual deductible for pet insurance?

With an annual deductible, the costs from protected conditions, accidents and illnesses collectively chip away at the deductible amount chosen. It does not matter how frequently you visit the vet or if your pet has multiple health issues, you only need to reach that amount once each policy period to qualify for reimbursement.

What is a per-condition deductible?

A per-condition deductible is applied each time your pet sees the vet for a new injury or illness. This means the deductible resets for each condition. If your pet visits the vet for a wound one day and allergies the next, your deductible would be applied for each claim.

Now, if you file multiple claims for the same condition, your deductible would only be applied once as long as the treatment occurred within the same policy period.

How do I choose the right deductible?

Compare providers and do your research to determine what works best for your pet and budget. If it’s common for your pet’s breed to deal with hereditary issues or you just want the peace of mind, a lower deductible may help.

If you’re reserving your coverage for those large, expensive catastrophic incidents that may occur, a higher deductible may be for you.

To learn more about your pet insurance deductible options, get a quote for Walmart Pet Insurance.

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