Our evaluations and opinions are not influenced by our advertising relationships, but we may earn a commission from our partners’ links. This content is created independently from TIME’s editorial staff. Learn moreThe cost of living has gone up for just about everything—utilities, food, and housing all cost more than they previously did, leaving many people struggling to make ends meet.
By the end of 2024, waiting periods will be 14 days for illness and 30 days for orthopedic conditions—and no waiting period for accidents. . One downside:The maximum annual coverage ranges from $5,000 to $100,000. Reimbursement rates are 70%, 80%, or 90%, and deductibles range from $100 to $500 annually. A bonus: You can get a 10% discount on your pet insurance if you bundle it with Lemonade’s homeowners,, or car insurance.
There are some exceptions when it comes to coverage. For example, your exotic pet or bird may not be eligible for a policy if it is a venomous or poisonous species, an endangered or threatened species, an animal that requires a permit or license to own, or a hybrid wild/domesticated animal.