Insurance Made Simple

If you’re visiting this page, then good on you for trying to understand insurance better! We’ve highlighted common and useful insurance terms here and broke them down in plain English.
Reimbursement

Reimbursement is the amount you receive for any cost or expenses incurred.

Why it matters:

For our pet insurance Pawfect Care, you pay for vet services first and we will reimburse you for the expenses after, according to the terms of your policy. Pawfect Care's coinsurance rate is 90%, which means you'll get 90% of the money back, provided the expenses are approved!

The reimbursement model is a common one used for pet insurance.