Most pet insurance works on reimbursement: you pay the vet bill upfront, submit a claim, and the insurer pays you back a chosen percentage (often 70–90%) after you meet your annual deductible.
Reimbursement Model
By the Home & Dime Editorial Team · Updated 2026
The three levers
- Deductible — what you pay before coverage starts.
- Reimbursement rate — 70%, 80%, or 90%.
- Annual limit — the yearly payout cap.
Common exclusions
- Pre-existing conditions
- Costs above your annual limit
- Waiting-period claims
Tips
- Choose a reimbursement rate you can afford to front.
- Keep itemized vet invoices.
- Submit claims promptly.
Frequently asked questions
Do I pay the vet first?
Usually yes, then get reimbursed.
What’s a typical reimbursement?
70–90% after your deductible.
Related guides
Sources: Insurance Information Institute (iii.org); Consumer Financial Protection Bureau; FEMA; state Departments of Insurance. General information, not insurance advice.
Part of our Pet Insurance guide
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