Could not subscribe, try again laterInvalid Email A record 1.8million was paid out in pet insurance claims every day last year – at an average 750. Figures from the Association of British Insurers show claims for dogs cost 544million, up 9% from 2015 and cats cost 112million, a 7% increase. The hike in payouts is due to increasing vet bills and the growing range of treatments available. For example, an English Springer Spaniel who swallowed a grass seed cost 3,400 to treat, while a cat with diabetes cost 1,060. Three quarters of pet owners dont have pet insurance. Its a personal choice and many household budgets are already over-stretched so people could be tempted not to have cover. But that leaves millions at risk of vet bills running into thousands of pounds. Read More Devoted dog owner takes pooch to vets by HELICOPTER in desperate bid to keep her alive Rebecca Hollingsworth, general insurance policy adviser at the ABI, said: Last years record levels of pet claims shows that owing a pet can not only be very rewarding, but also very costly. There is no NHS for pets, and the cost of getting quality veterinary treatment can quickly run into thousands of pounds. Before buying a pet research the breed you are considering, as some are prone to medical conditions that can cost a small fortune to treat. If you do take out insurance dont opt for a 12-month policy, go for lifetime cover. If a pet has a serious condition its likely to show itself early on and youll struggle to get cover after that first year for a pet with an existing condition.
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