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Pet insurance will be cheaper for younger animals
14 July 2008
Pet owners will get cheaper premiums if they insure their animals at a younger age, according Churchill.
With the credit crunch starting to tighten household budgets pet owners should take out insurance at the earliest possibility to avoid costly vet fees which are increasing by 12 per cent every year, according to research by Animal Friends Insurance.
Chris Price, head of pet insurance for Churchill, said: "The sooner you purchase your pet insurance, the better. Most insurers will only value on new business up to the age of eight for dogs and ten for cats."
Hereditary illnesses are common among many pets so it is important to have insurance from an early age in order to pay for treatment, claims Churchill.
"Once a pet is insured with a company they are likely to insure the pet for its lifetime," said Mr Price.
Research by Sainsbury's Finance revealed that over 11 million dog and cat owners have no pet insurance cover for their animals.
