Each policy has a term of one year and each year of account is detailed separately by the underwriters when they work out profit and loss and set the rates. For this reason each veterinary fee claim must be allocated to the year of account that has received the premium for that particular policy. Horse illness and injury does not always happen at the most convenient time and therefore you always have one year from the date of injury to continue claiming whether or not the renewal date falls within this period. However to ensure that the payments are not allocated to the incorrect year of account and that the same injury is not paid out for twice an exclusion is always placed on any policy renewing within the term of a claim which is not yet completed and signed off.