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Pet costs ‘overlooked’ by Brits

April 13, 2007 by admin  
Filed under News, News-Insurance

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Pet insurance prices and veterinary fees are among many costs forgotten by pet owners in the UK, who are currently paying out a collective £520 million each year, according to Halifax Pet Insurance.

The insurance provider claims that the average cost of buying a dog in Britain is £282, or £92 for a cat, and that some 59 per cent of Britons did not research the potential cost of their pets before they made a purchase.

Vets bills alone were one of the most overlooked costs among the 1,000 people surveyed, with owners allegedly underestimating costs by as much as 103 per cent.

“It is worrying that so few pet owners are researching the upkeep costs for their chosen pet before selecting an animal,” said Halifax spokeswoman Vicky Watson.

She added that the cost of keeping a pet varies enormously between different breeds due to the amount of food required and the different ailments that would require expensive treatment.

Ms Watson finished: “Purchasing comprehensive pet insurance can mitigate the financial risk of a pet needing expensive treatment that an owner has not budgeted for.”

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