How does annual excess work?

Petsy offers five Annual Excess options: $0, $150, $200, $300, or $500. The excess is annual, meaning it only applies to you once per year, no matter how many claims you make in a year or how many different conditions you're making a claim for. 

If you choose an Annual Excess other than $0, we'll deduct your chosen Annual Excess amount first, before we apply your chosen Benefit Percentage to the accepted claim amount and pay the benefits to you. The Annual Excess resets each year and only applies to accepted claims.