What are the pros and cons of choosing a per-incident deductible versus an annual deductible when insuring a high-energy dog prone to minor accidents at the job site?
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What are the pros and cons of choosing a per-incident deductible versus an annual deductible when insuring a high-energy dog prone to minor accidents at the job site?
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pet insurance per incident deductible vs annual deductible multiple accidents policy year explanationGoogle ↗
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pet insurance per incident deductible vs annual deductible multiple accidents policy year explanation Google ↗
- Deductibles are typically provided by insurers on a per incident or an annual basis. Some insurers allow the insured to select either annual or per incident options, while others only have one reimbursement method. Coverage typically costs more with an annual deductible because it tends to result in a higher cost for the insurer and lower cost for the insured. Coverage with an annual deductible routinely costs 4% to 6% more than a per incident deductible plan. · content.naic.org
- A Regulator’s Guide to · content.naic.org