Posted by The Association of British Insurers in Insurance on November 16th, 2009

Pet insurance brings peace of mind
Advances in veterinary medicine are really good news for pet owners, who can now expect improved diagnoses and treatment for their pets. But these advances can mean higher bills at the vet. Paying these bills when your pet is injured or taken ill can be difficult at the best of times, but is even more of a struggle in an economic downturn, when household finances are more stretched than ever. Taking out the right pet insurance brings essential peace of mind that your pet will be able to get the right treatment when it needs it.
Lots of different pet insurance policies are available. The levels of financial cover and excesses vary, and some will offer added extras such as covering the cost of looking after your pet should you be taken ill and temporarily unable to care for it. Make sure you shop around for the policy which best meets your needs.
The RSPCA recently reported a 57% increase in the number of abandoned pets, a sad fact caused mainly because owners cannot afford to care for them properly. Pet insurance helps reduce some of that burden on owners should the unexpected happen.
During a recession, people will often look for ways of reducing their outgoings, but pet insurance isn’t an area you should cut back. With the average emergency visit to the vet now topping £300, according to Tesco Insurance, not taking out pet insurance may well be a false economy.
Tags: association of british insurers, insurance - other, pet insurance, RSPCA