The UK Insurance Blog

We are all feeling the strains of the credit crunch at the moment and things could soon get worse. According to the article “Pet insurance: Protecting your pet in the credit crunch” the last thing we should think about doing is ceasing our pet insurance payments.

Average vet bills in the UK are currently recorded at just over £300. But sometimes complications happen and ongoing treatment is necessary which could run into thousands of pounds. As an example, a medical bill from fixing a dog’s broken leg following a road accident could add up to a crippling one and a half thousand pounds! The article states that upwards of fifty per cent of vets in the last five years have had to put pets to sleep just because expensive medical bills cannot be covered. This amounts to 1.6 million pet owners not being able to pay a vet bill and having to face the consequence of losing their pet forever. To avoid this happening to us, we are all encouraged to consider the positives of taking out pet insurance cover.

Throughout this credit crunch people are looking at ways to get the best value for their money and the RSPCA can offer a suggestion. They offer a policy through AXA where twenty per cent of your premium will go towards helping out the RSPCA’s charity commitment. What a good way to stretch your money that little bit further!

If considering taking out pet insurance, first of all understand very clearly what is stated in the small print. Be aware that some of the less expensive policies may only provide cover at a low value and for just a year. Ensure you take out life cover if you have a pedigree pet as they are, generally speaking, prone to illness and health complications. You will need in this case, a policy allowing freedom from time constraints.

Small monthly pet insurance payments are all that are required for financial peace of mind. One message that resonates clearly is that we don’t have to be a victim to unaffordable vets bills! We too can be financially prepared to save our pets thanks to foresight and a conversation with an insurance company.

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You don’t need to spend a fortune on pet insurance confides Jacob Floyd in his article, “Keep costs on a leash” published in the Independent. You don’t need to pay out a fortune for your pet and here are some top tips to help you manage your pet expenses.

With the assistance of the moneysupermarket.com, he was able to ascertain some helpful costs. Check out Tesco for the best value insurance. It will cost you under a fiver a month for a five year old cat. With possible medical bills costing thousands of pounds, this is without doubt the bargain of the century! The insurance premiums for a puppy under a year old will only set you back £7.30 a month at Tesco. When you consider the expenses like up to £2,500 in medical costs, this is a considerable saving. A dog up to the age of six will warrant premium costs of about £6.80 a month.

A good tip, Mr Jacob goes on to mention, is to avoid overpaying on your insurance. For example third party liability is useless in the case of a cat (who can claim total responsibility for the actions of a cat?) Watch out for crafty add -ons like this in your policy, you will have to pay more for something that is entirely pointless!