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Pet insurance affected by location and housing

September 28, 2007 by admin  
Filed under News, News-Insurance

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The cost of insuring a pet can be affected by where the animal is housed and what part of the country you live in.

According to insurer Allianz, there are various factors which determine the price of pet insurance premiums such as the age and breed of a pet, how much it cost to buy it, how much physical activity it takes part in and if the owner lives in an area where it is expensive to run a veterinary surgery.

Clare Wheatley, risk and underwriting manager for Allianz’s Petplan programme, noted that “the cost of setting up and running a vet practice can vary greatly across the UK”.

She added: “We take a pet’s age, breed and location into account when insuring them.

“Age is a factor because just like humans, pets are more likely to fall ill as they get older. A man or woman may develop diabetes and arthritis later in life, and so may a pet. Therefore, to cover the additional risk of insuring an older animal we charge slightly more for dogs over the age of eight (five years for some breeds) and cats over the age of ten.”

Tags: risk, woman, pet, Physical exercise, United Kingdom, Financial economics, Human Interest, allianz

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