Is pet insurance a luxury or a necessity?
The UK has long been renowned as a lover of animals with dogs and cats the more popular family pets. As a consequence the last decade has seen a substantial increase in the pet insurance market at a time when veterinary costs continue to rise at a faster rate than many people's income. However there is some confusion as to whether pet insurance is actually a luxury or a necessity for pet owners of today.
The market for pet insurance has never been more competitive and as a consequence we have seen prices driven lower and lower and more services on offer than ever before. For only a few pounds a month you can ensure that your pet will receive the best treatment at no extra cost to you as and when required. Many people forget that aside from the treatment there are also substantial medication costs which have to be paid.
Unfortunately many people have found this out to their horror and the number of stray dogs and stray cats in the UK has risen markedly since the recession kicked in. Hopefully more and more people will realise that pet insurance is at least worth consideration and could actually be very cost-effective in the longer term. As ever, professional advice should be taken before committing to any insurance arrangement.
Share this..
Related stories
Ferrero no longer sweet on Cadbury
Italian confectionery giant Ferrero has today formally ruled itself out a potential bid for Cadbury on the eve of the deadline for new offers. There had been reports in some financial papers that Ferrero was looking towards a joint offer with Hershey but this has now gone by the wayside leaving the way open for Kraft Foods to acquire the UK operation. The American giants now has until 2 February t...
Read MoreOver 50s jargon buster
It’s easy to get bogged down by technical terms and abbreviations when trying to research what type of insurance is best for you. Here at financialadvice.co.uk, we have asked our insurance experts to put together a handy jargon buster which focuses on over 50s life insurance, but also talks about what other types of insurance options are open to you. Don’t forget, if you have a financial quest...
Read MoreWill Bernard Madoff be the last of the great fraudsters?
As Bernard Madoff contemplates 150 years behind bars in the US many people are wondering whether the U.S. regulators have finally purged the system of the big-time fraudsters. The Madoff fraud involved billions upon billions of US dollars and has seen many people literally lose their life savings and end up with nothing to show for their working lives. While the U.S. regulators were relieved that...
Read MoreFCO launches new travel insurance campaign
14/08/2015 The Foreign & Commonwealth Office (FCO) has warned holidaymakers against travelling without purchasing the correct travel insurance first. Going away on holiday without insurance, or a “Getaway Gamble”, can end up costing the traveller thousands of pounds if something goes wrong. Recent data from The Association of British Insurers revealed the average travel insurance medica...
Read MorePlanning permission to build new homes at six year high
12/09/2014 The number of new homes being built could be set to grow even further, as it was revealed that planning permission to build new homes hit a six year high in the second quarter of 2014. The figures, which were published in the Home Builders Federation (HBF) Housing Pipeline report showed that planning permission for 56,647 homes was granted in England during this time period. T...
Read More