A waiting period is a term found in all pet insurance policies. It refers to the amount of time your pet insurer requires you to wait until your pet is eligible for reimbursement on specific conditions through your pet insurance coverage. Let’s get into the nitty-gritty of how pet insurance waiting periods work, and the typical dates you can expect from a Lemonade Pet policy.
How do pet insurance waiting periods work?
Depending on where you live, your policy could have different waiting periods. Here are a few different waiting periods your policy may include:
- 2 days for accidents
- 14 days for illnesses
- 30 days for orthopedic conditions
- 6 months for cruciate ligament events (a common knee injury for dogs, similar to a human tearing their ACL)
It’s important to review your policy carefully to understand which waiting periods may affect your pet and coverage.
These waiting periods begin on your policy’s start date. We can only offer reimbursement for your claim after the applicable waiting period ends. That’s why it’s so important that you buy insurance long before you need it.
Why is having a pet insurance waiting period important?
Waiting periods are designed to protect our Lemonade pet insurance community from someone who buys a policy just to cover one procedure—and then drops out.
Let’s say you and a friend are at the dog park with your Beagle, Maple, and your friend’s German Shepherd, Stevie. A fun day turns dangerous when they both eat a bunch of grass that has just been sprayed for ticks. Oh no! As soon as you realize they’ve ingested some toxins you speed over to the vet with your dogs.Being the responsible pet parent you are, you’ve had a pet health insurance policy for Maple for the past six months… but your friend never thought to get one for poor Stevie.
If she rushes to buy a policy on the way to the vet, Stevie’s treatment and medication still won’t be covered because of the two-day waiting period for accidents. (Don’t worry, in this hypothetical scenario both Stevie and Maple are totally fine… your friend just had to pay a whole lot more for the veterinary care).
Is there pet insurance with no waiting periods?
Nope. Pet insurance waiting periods are standard for most major providers—including Lemonade—but some policies have longer waiting periods than others.
Are there any exclusions to pet insurance waiting periods?
Yes, depending on the coverages you include on your policy.
When you include one of Lemonade’s preventative care options on your policy, for example, your coverage related to preventative care kicks in the date your policy becomes effective. These packages help with expenses like annual wellness exams, vaccinations, routine care (like dental cleanings), and spay/neutering.
What about pre-existing conditions?
A pre-existing condition is any condition your pet showed signs of, was diagnosed with, or was treated for before the waiting period of your pet health insurance policy ended. It’s actually one of the main reasons your insurance company has waiting periods on pet insurance plans.
It’s important to know that you won’t be covered for any pre-existing conditions. Pet insurance companies, including Lemonade, won’t cover anything diagnosed, or a condition that was symptomatic, before your policy’s effective date or during any waiting periods. Once the waiting periods expire, you’ll be covered for new symptoms or conditions unrelated to any pre-existing conditions your pet may experience.
This is one of the reasons it’s so worthwhile for pet owners to get insurance coverage early in their dog or cat’s life. At Lemonade, for example, you can buy a policy for your puppy or kitten from two months old. Some dogs are especially likely to require veterinary care for hereditary conditions, like hip dysplasia or a luxating patella. If these are noted or diagnosed before a waiting period is up, your pet insurance provider (including Lemonade pet insurance) won’t be able to reimburse you for treatments related to those conditions.
But if you get your pet covered when they’re a healthy kitten or puppy, any eligible conditions that arise later in life will be fully covered (factoring in co-insurance and deductibles, of course)!
Is a vet visit required when I buy a pet insurance policy?
Depends on when your pet’s last medical exam was. At Lemonade, we require that you send us your fur fam’s pet medical record that includes info that covers the last 12 and a half months of your pet’s life (this includes the 14-day illness waiting period on your policy). If your pet is less than a year old, the medical record should include info from the first puppy, kitty, or shelter exam your pet had through the illness waiting period.
So if you just bought a policy for your 3-year old Whippet, Beau, who hasn’t been to the vet since puppyhood, he’ll need a medical exam from a licensed veterinarian to be eligible for coverage (even if he’s a vision of health). Your fur fam might not be covered if you file a pet insurance claim without an up-to-date pet medical record.
And trust us, starting a medical record as early as possible in your pup or kitty’s life will pay off in the long run. The earlier you get pet insurance, the more likely your furry friend will be free of pre-existing conditions, which means more savings on treatments and illnesses throughout their life.
FAQs
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Are waiting periods different for different policies?
Yes, waiting periods can vary depending on the pet insurance policy you choose. It’s important to review the waiting periods specific to your policy to understand how they may affect your coverage. -
Can I buy pet insurance without a waiting period?
No, waiting periods are standard for most pet insurance providers, including Lemonade. However, the length of the waiting period may vary between policies. -
What happens if I file a claim during the waiting period?
If you file a claim during the waiting period, it will not be eligible for reimbursement. Waiting periods are in place to ensure that pet owners maintain coverage for the long term, rather than purchasing insurance solely for immediate treatment.
Conclusion
Understanding pet insurance waiting periods is crucial for responsible pet owners. These waiting periods ensure the long-term sustainability of pet insurance policies and protect against opportunistic coverage. By familiarizing yourself with the waiting periods and exclusions of your pet insurance policy, you can make informed decisions regarding your pet’s healthcare. Remember, getting insurance coverage early in your pet’s life can help prevent coverage limitations due to pre-existing conditions. So, take the time to research and choose the right pet insurance policy that suits your needs and provides comprehensive coverage for your furry friends.
