Buy pet insurance during the credit crunch

In time of an economic downturn, it’s even more important to buy pet insurance says Mike Powell from financial research company Defaqto. According to the general insurance expert, pet insurance should be seen as seen as part of general pet healthcare and shouldn’t be cancelled because of economic difficulties.

“If you can’t afford to pay for insurance cover, how can you realistically afford to pay a vet bill?” asks Mr Powell. As credit is getting more and more difficult to obtain, cat and dog owners without pet insurance may struggle to borrow money to pay for expensive vet bills. There were reports earlier this year that vets were often forced to put pets to sleep because their owners couldn’t afford treatment.

With pet insurance, you can pay for your premium in monthly instalments, starting from around £10. Isn’t it easier to get cover rather than fork out £2,000/£3,000 when an unexpected illness and accident strikes?

Compare pet insurance online, find the right cover for your pet and get online discounts too.