Post Office announces launch of new pet insurance policy

07 February 2008 / by Rachael Stiles
The Post Office will soon be offering a pet insurance policy, it has revealed, in response to just one in five pet owners having insurance for their beloved animals, despite the rising costs of healthcare for pets.

The new Post Office pet insurance policy offers a comprehensive range of care for cats and dogs, covering veterinary bills up to a maximum of £5,000 per condition. The Post Office found that nearly all claims – 96.5 per cent – on pet insurance policies are for less than £5,000, so customers will not get charged for unnecessary cover.

Pets of all ages are covered, and payouts on claims will also continue for more than 12 months after the initial treatment, unlike many policies, which will mean that pets are covered for long-term health conditions.

The cover comes with a set level of excess at £75, making it easier for pet owners to budget and plan in the instance that their pet needs treatment, so there will be no surprises at the times when they are concerned about their pets.

Head of pet insurance at the Post Office, Emma Baunach, said: "Dogs and cats are often a huge part of the family – with 11 per cent 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. But they must remember to check the cover features of policies rather than just choose the cheapest option, as this may not offer the right level of cover for their animal."

The policy also comes with an added benefits package as standard, which includes cover for taking pets abroad, emergency kennel and cattery costs, and 12 months free Petback Protect membership in case a pet goes missing or is stolen. Those with more than one pet to insure can also enjoy a five per cent discount.

The new pet insurance policy is an addition to the current Post Office insurance range, which includes home, car, travel, health, and life insurance.

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