Figures compiled for Money Mail reveal the average pet
insurance has jumped by more than a third in just one year. According to
Sainsbury’s Finance, which carried out the study, the average cost of
treatment for a pedigree cat is £420 — 28 per cent more today than a year
ago. read
more...
But some operations can cost £8000, which most owners
would have to find out of their own pocket.
read more...One in five pet insurance policies
will not cover claims greater than £1,500 a year for each illness.
One result of these soaring increases is that
a number of companies have pulled out of the market in recent years and
experts say one of the key reasons is the soaring cost of covering vets’
fees.
According to Defaqto, 11 companies have withdrawn from the market in just
three years. In addition, Halifax and Lloyds TSB pulled the plug on their
pet cover several weeks ago. |
|
