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Pet insurance survey finds pets are still loved but proving costly

Article by Simon Christopher
Posted: 4/3/2011 - Last updated: -
Rating: 5.00 5.00 (1 votes)



Humans love their pets sometimes as much as people, which may be why they put up with the damage they cause! That's the conclusions from two separate insurance related surveys this week.

According to the Co-operative Pet Insurance, 28% of people believe a pet dying could be as emotionally painful as a family member's death, while 34% likened the experience to the death of a friend. It also found dog owners were most likely to be particularly hurt by their pet dying.

Meanwhile Confused.com found that the average pet owner reports £690 of damage caused by their pet each year: a nationwide total of £3.3 billion. Around one in five pet owners described the damage caused to their home by a pet as "significant."

The company noted this was a particular problem as major insurers don't currently cover accidental damage caused by pets and is running a petition to redress that. The Association of British Insurers says the publicity caused by the petition might encourage some insurers to offer such cover to help gain a competitive advantage.



PLEASE NOTE: News items are intended for information only and should not be relied upon when making insurance decisions. Due to their nature, some of the information in these news stories including any references to taxation, legislation, regulation, or other issues may no longer be current.

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