3. Does the deductible for pet insurance work more like the deductible for auto insurance or like the deductible for human health insurance? Explain your answer.

The deductible for pet insurance works more like the deductible for human health insurance. Here's why:

1. Definition: A deductible is the amount you pay out of pocket before your insurance starts to cover costs. This applies to both pet insurance and human health insurance.

2. Annual Basis: Just like human health insurance, pet insurance deductibles are usually on an annual basis. This means that you only need to reach the deductible amount once per year, and for the rest of the year, your pet insurance will cover costs according to your policy. This is different from auto insurance, where the deductible applies each time you make a claim.

3. Cost Sharing: After the deductible is met, pet insurance, like human health insurance, typically involves some form of cost sharing. This could be in the form of co-insurance, where the insurance company pays a certain percentage of costs, and you pay the rest.

4. Preventive Care: Some pet insurance plans, like some human health insurance plans, may cover preventive care without requiring you to meet the deductible first. This is not typically the case with auto insurance.

So, while there are some differences between pet insurance and human health insurance, the way the deductible works is more similar between these two than it is with auto insurance.