Financial news categories
Financial news archive
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- July 2009
- June 2009
- May 2009
- April 2009
- March 2009
- February 2009
- January 2009
- December 2008
- November 2008
- October 2008
- September 2008
- August 2008
- July 2008
- June 2008
- May 2008
- April 2008
- March 2008
- February 2008
Pet insurance premiums up
07 April 2008
Pet insurance is now more expensive than it used to be due to improvements in veterinary medicine in recent years, it has been suggested.
According to the British Veterinary Association, those with animals are now forking out much more money to cover them for illness or injury.
John Bower, practicing vet and past president of the association, said: "I think as veterinary medicine has improved and particularly diagnosis, there are far more tests available these days to find out what is wrong with the animal, as more is able to be done in the way of diagnosis and treatment, obviously costs have gone up an awful lot over the last 30 or 40 years."
He added that "it makes sense to pay £100 or £200 a year for this very valuable medicine" as it means that pet owners will be able to afford to treat their furry friends.
Cats and dogs are said to be the biggest drivers of the pet insurance market which has seen strong growth in recent years as vets' bills become more costly. 
