Despite the fact that 86 percent pet owners in the United Kingdom consider their animals to be family members, 56 percent of them do not have an insurance policy to cover their veterinary expenses, according to the results of the latest Gocompare.com research. The study involved a survey of pet owners in the country, and indicated that millions of pets do not have the coverage required to protect owners from extremely expensive vet bills that they could face if their animal family member should ever be injured or fall ill.…
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Pet insurance now available through Capital Blue Cross
Capital Blue Cross, a major health insurer based in Harrisburg, has announced that it will start selling pet insurance. Officials from the company believe that this act will make Capital Blue Cross the first insurer to offer pet insurance policies. The program will be managed by PetPlan, a company based in Philadelphia. Stacy Balaban, the strategic development director for Capital Blue Cross explained that many Americans think of their pets as members of their families, so it makes a lot of sense to offer a new program such as this…
Read MoreLloyds Banking Group announces shutdown of pet insurance division, leaving animal owners without coverage
Lloyds Banking Group has announced that it will be shutting down its division for pet insurance, leaving tens of thousands of animal owners without any coverage for their pets’ veterinary care. Lloyds TSB and Halifax have both sold pet insurance policies for a number of years and currently provide coverage for approximately fifty thousand animals. However, the owner of both brands, Lloyds Banking Group, has decided that it will no longer take part in that market. A spokesperson from the company has explained that it has performed a thorough review…
Read MorePet insurers provide insurance advice for animal owners
Pet insurers have released the most important information that owners should know about insuring their animals, including an understanding of the types of things that are found within the exclusions and fine print of the most typical policies. They include the following on Pet Insurance policies: If the pet has a pre-existing condition, this will not be covered by the policy, regardless of whether or not you were aware of its existence. If the policy is “time limited”, then upon the completion of the term, no more payouts will be sent…
Read MorePet insurance rates climb as a result of spoiled dogs
Pet owners who over feed their dogs are causing veterinary bills to skyrocket and, as a result, are forcing pet insurance rates to spike right along with them. Insurers of pets have reported that pet obesity – especially in dogs – is causing the animals to suffer from a number of unpleasant and expensive illnesses. Just as is the case with people, dogs suffer from many related conditions when they are overweight. However, because they are smaller than humans, the problems caused by the extra pounds are compounded and come…
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