You are here: Home - Insurance - News -

Pets put to sleep due to lack of insurance

0
Written by:
04/09/2008

Sainsbury’s Bank has highlighted the number of pet owners that have put their dogs and cats to sleep because they can’t afford vet bills.  

A survey from the bank showed 51% of vets have put down a pet cat or dog over the past five years because the owners couldn’t afford to treat them. In addition, 80% of vets have had an uninsured dog or cat owner decline a course of treatment because they couldn’t afford it. In total, 927,000 dogs and 822,000 cats were put down for this reason between 2003 and 2008.

Sainsbury’s has identified two reasons for this, firstly that vets fees have risen by around 12% per year. Also, 55% of cats and dogs are not insured, so owners cannot rely on an insurance policy to cover all or part of a vet’s bill.

Neal Devine, Sainsbury’s pet insurance manager, said: “Our findings are very disturbing but also frustrating because in many cases if the owners had taken out good quality pet insurance they would have been able to treat their pet without any problems.

“The current credit crunch could compound this situation even further, with as many as one million pet owners looking to reduce their pet insurance cover or do away with it all together. This is a false economy because when finances become tighter, it is even more important to have pet insurance so that you can pay any unexpected vet bills.”

Tagged:

Tag Box

Debt

Pension

Spending

Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co...

YourMoney.com Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Advisers’ flight to safety

Virgin Money’s Investor Intentions Index has revealed a short-term flight to safety as IFAs advise clients to move into cash...

Close