Nearly 2m pet insurance claims made by consumers
January 30, 2008 by admin
Filed under News, News-Insurance
Up to 1.8 million pet insurance claims are made per year by owners according to research from Sainsbury’s Bank. 
A further 18,000 claims are made for reasons including when a pet is lost or stolen.
Sainsbury’s warns that as many as 75 per cent of cats and dogs are not insured and as a result estimates that 5.5 million treatments are paid for by owners.
Claire Moyles, pet insurance manager at Sainsbury’s said: “The pet insurance industry not only deals with a huge volume of cat and dog claims every year, it deals with a staggering breadth of ailments and problems.”
She added that insurance can be more useful than expected as events when you need to claim could be “more common than you wish to consider”.
The estimated cost of owning a cat and a dog is £7,200 and £9,000 respectively while vet fees make up 19 per cent of the annual spend on dogs and 21 per cent for cats.
Meanwhile, Sainsbury’s Bank has also reported that the UK has seen an upsurge in the number of property damage claims in the wake of the recent bad weather.
