This information applies to policies serviced by Odie Pet Insurance. For the most up to date definitions, refer to your policy document. For policies serviced by Rainwalk Technology, Inc., please refer to your policy document for terms and definitions.
Pet health insurance policy definition of "annual policy limit"
The maximum amount that the policy will pay in any Annual term.
What is an Annual Limit?
An annual limit is the maximum amount of money the pet insurance company will reimburse you for covered losses within one year. The amount varies depending on your individual pet insurance plan.
How do Annual Limits work?
The base policy annual limit is $25,000.
Let's say your annual limit is $25,000 and your pet's eligible claims total $30,000 worth of reimbursements that year. The insurance company will reimburse you a maximum of $25,000 for the year -- the rest is up to you to pay until your policy renews.