Post Office launches pet insurance
Friday, 01 Feb 2008 00:01
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The Post Office is bringing out new pet insurance covering pets for up to £5,000 per condition – with protection not running out after 12 months.
Currently only one in five pet owners insures their pets, meaning millions of owners are at risk of facing increasingly rising vet fees.
Often pet insurance policies only cover an animal for 12 months – with the owner facing bills in the second year if the condition persists.
However, the Post Office pet insurance covers vet bills up to £5,000 per condition – however long it lasts.
Some 96.5 per cent of pet insurance claims are under £5,000, according to figures from Axa.
Post Office head of pet insurance, Emma Baunach, said: "Dogs and cats are often a huge part of the family – with 11 per cent of people saying they would re-mortgage their house to pay for a vital vet bill!
"To avoid such drastic measures, owners should look for a suitable pet insurance policy. But they must remember to check the cover features of policies rather than just choose the cheapest option, as this may not offer the right level of cover for their animal."
She added: "In line with the Post Office’s other financial products, our new pet insurance is easy to understand as it offers a single comprehensive level of cover."
The insurance has no upper age limit for pets – or owners – and the excess stands at £75.