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Lack of pet insurance 'putting owners at financial risk'
Pet Insurance News
03 February 2006 Lack of pet insurance 'putting owners at financial risk'
UK pet owners could be putting themselves at great financial risk by not taking out a pet insurance policy, according to a report by ThisIsMoney.co.uk. In the UK there are roughly 6.5 million households with a dog as a pet, yet just 20 per cent of this number have pet insurance.
For the remaining 80 per cent, vet bills could easily add up, with the average cost of treating a dog that has been involved in a road accident totalling £379.
Commenting on the need for pet insurance, Monica McCormack of Tesco Pet Insurance said: "Last year, one in three of our pet insurance customers had to make a claim."
Despite slightly higher premiums, insurers have advised that pet owners take out a lifetime pet insurance policy to cover for unforeseen problems such as skin complaints and joint problems, which could require treatment throughout the pet's life.
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