What is a Maximum Lifetime Payout?
A maximum lifetime payout is the maximum amount of money that a pet insurance provider will reimburse you during your pet’s lifetime. After you’ve hit your maximum lifetime payout, your pet insurance provider will end your pet insurance policy, and you will not be reimbursed for any further veterinary expenses.
How Maximum Lifetime Payout Works
Once you’ve reached your policy’s maximum lifetime payout, you can no longer receive reimbursement for veterinary costs. Always be sure to read the fine print, including the maximum payout details, so that you’re not unpleasantly surprised later on when you make a claim. Pawlicy Advisor is always transparent about the deals we find from top insurance providers, and we’re happy to answer any questions you might have for help along the way.
Key Takeaways
- A maximum lifetime payout determines the maximum amount your pet insurance provider will reimburse you for eligible claims during your pet’s lifetime.
- When comparing pet insurance, it’s vital that you take note of each plan’s maximum lifetime payouts so that you’re not surprised later on.
