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Claim Examples
The financial equation relating to pet insurance policies is made up of three parts, the premium you pay, the deductible you are responsible for and the percentage of the claim payable. Example Claim Calculations are as follows:
A 1 year old puppy eats a sock -
Cost $1,800 |
| |
Coverage for Life - Level 1 |
| Deductible: |
$0 |
| Co-payment: |
$0 |
| Amount Reimbursed: |
$1,800 |
| Annual Policy Limit Remaining: |
$700 |
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A 4 year old cat gets diabetes
-
Cost $3,500 |
| |
Coverage for Life - Level 1 |
Coverage for Life - Level 2 |
Coverage for Life - Level 3 |
| Deductible: |
$100 |
$100 |
$100 |
| Co-payment: |
15% = $525 |
15% = $525 |
15% = $525 |
| Amount Reimbursed: |
$2,500 |
$2,875 |
$2,875 |
| Annual Policy Limit Remaining: |
$0 |
$2,125 |
$7,875 |
|
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A 2 year old dog gets an eye infection
-
Cost $2,400 |
| |
Coverage for Life - Level 1 |
Coverage for Life - Level 2 |
Coverage for Life - Level 3 |
Coverage for Life - Unlimited |
| Deductible: |
$0 |
$0 |
$0 |
$0 |
| Co-payment: |
15% = $360 |
15% = $360 |
15% = $360 |
15% = $360 |
| Amount Reimbursed: |
$2,040 |
$2,040 |
$2,040 |
$2,040 |
| Annual Policy Limit Remaining: |
$460 |
$2,960 |
$7,960 |
Unlimited |
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A 7 year old dog gets cancer
-
Cost $5,000 |
| |
Coverage for Life - Level 1 |
Coverage for Life - Level 2 |
Coverage for Life - Level 3 |
Coverage for Life - Unlimited |
| Deductible: |
$200 |
$200 |
$200 |
$200 |
| Co-payment: |
20% = $1,000 |
20% = $1,000 |
20% = $1,000 |
20% = $1,000 |
| Amount Reimbursed: |
$2,500 |
$3,800 |
$3,800 |
$3,800 |
| Annual Policy Limit Remaining: |
$0 |
$1,200 |
$6,200 |
Unlimited |
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 What do you want to do next?
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Understanding
Pet Insurance
In Support of the OSPCA
When you purchase an Ontario SPCA Pet Insurance Program policy, you not only protect your pet, you also bring a share of health and happiness to an entire network of cats, dogs and other animals within your community.
Thanks to you, we are able to give them shelter, food, and love.
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