<< Most Recent Articles

Pet owners given insurance advice

A financial services provider has urged holders of pet insurance cover to read the small print on their policies.

Sainsbury's Bank said that many cat and dog owners with insurance could be surprised to learn that their policy does not provide cover for conditions that last longer than 12 months.

According to the company, 37 per cent of dog insurance products currently on the market do not include cover for conditions that go on for over a year, despite the fact that 30 per cent of pet insurance claims are longer than 12 months in duration.

"Pet owners need to make sure that the insurance they choose will provide the cover they need in the event of their dog or cat suffering from a recurring condition," said Claire Moyles, pet insurance manager at Sainsbury's Bank.

"It is imperative that people check what their policy covers before purchasing it, as otherwise they could end up having to foot a large unexpected bills," she added.

Last week, research from TescoCompare.com claimed that £750 million has been wasted by British consumers in the last year due to the purchase of unsuitable insurance policies. A personal loan can be used to offset insurance costs.

See how much you could borrow with a Lombard Direct personal loan.

© Adfero Ltd

19/11/2007 16:32:48

Most Recent Articles