How to choose between annual deductible and per-incident deductible?
Some plans have deductibles that are yearly and some that are per-incident. It depends upon how much your per incident is on one plan and how much the annual deductible is on the competing plan. With annual deductible, each policy year you are required to satisfy a given dollar amount before the insurance company will pay out anything. Once you reach that amount – you won’t have to pay any more. With per incident deductible, your deductible is applied to each incident. Every time you have to take your pet in to see the veterinarian you are required to satisfy a given dollar amount before the insurance company will pay out anything. You might also want to consider how does changing the deductible change the premium.
