Pet insurance is essential for pet owners as it covers medical emergencies. Policies have waiting periods before they cover accidents and illnesses. Waiting periods range from zero to 30 days, depending on the type of claim. Preexisting conditions are not covered. Some insurers waive waiting periods for accidents. States like California don’t have waiting periods for accidents. Orthopedic waiting periods are limited to 30 days under the NAIC Pet Insurance Model Act.

Read more at Yahoo Finance: Pet insurance with no waiting period: How it works