Post Office launches pet insurance

by Gill Montia

Story link: Post Office launches pet insurance

The Post Office is entering the pet insurance market, having estimated that only one in five pet owners insure their animals, despite the steady rise in veterinary charges in recent years.

The policy will provide a range of cover for cats and dogs of all ages, paying healthcare bills up to a maximum of £5,000 per condition.

The maximum level reflects the fact that 96.5% of claims on pet insurance policies are for less than £5,000.

Unlike some pet policies, claims can extend beyond 12 months from the initial diagnosis and treatment and the excess level is set, at £75.

Emma Baunach, head of pet insurance at the Post Office, says: “Dogs and cats are often a huge part of the family – with 11% of people saying they would re-mortgage their house to pay for a vital vet bill! To avoid such drastic measures, owners should look for a suitable pet insurance policy.”

The Post Office policy has a number of benefits included as standard as follows: cover for taking pets abroad; emergency kennel and cattery costs; 12 months Petback Protect membership (in case a pet goes missing or is stolen).

If more than one animal is being insured a five per cent premium discount is applied.