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Benefit The benefit of your pet insurance policy is the amount that the insurance company pays towards your claim. This amount is refundable to the pet owner. The benefit will be the amount of the claim minus any deductibles or co-payments that the pet owner is responsible for. The amount of the benefit is determined by the terms of the policy. It is going to be different for every policy, and in some cases, it will vary for each claim. It is important that you completely understand what the benefits are, and weigh them against the cost of the policy, to determine if a particular policy is affordable enough for you and your pet. You do not want to be paying high premiums for a policy that is going to pay only a small benefit. While you hope that you never need to use your pet insurance, make sure that if the situation arises where you do need it, the benefit makes it worth its while. More Glossary Terms Explained here |
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