Posted on December - 27 - 2009
Pet insurance too complicated, Defaqto warns
Some animal lovers find pet insurance too confusing.
Britons may decide not to take out pet insurance because it is too complicated, according to a leading financial services research firm.
The value of having cover in place is particularly pertinent over the Christmas period, when a household’s furry friends are tempted by a number of wires, new toys and treats.
However, Brian Brown, head of research at Defaqto, has urged insurers to simplify their policies to ensure that there is no obvious reason for people not to protect their pets.
“Pet insurance is hugely complicated, unlike motor and home insurance, for example, which is fairly similar no matter who you go to,” he told the Daily Mail.
“Many are prepared to take on the risk of things going wrong. Others will decide to put down their pet rather than pay a huge vet bill.”
Defaqto is renowned for its rating systems and it has devised one for cat and dog insurance, with Argos Platinum and M&S Premier among those to receive five stars.
Last week, new research from Saga Pet Insurance revealed that over half (53%) of feline and canine owners will buy their pets gifts this Christmas.
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