Poor Economy Doesn’t Hinder Pet Spend
Posted on August 20, 2008
Filed Under Pet Adoption |
A recent insurance poll has found some surprising results. According to one of the largest supermarkets in the UK, the amount that people pay for pet insurance is nearly double the amount that people spend on private medical insurance!
British pets are the second most insured worldwide with only Sweden paying more. The results of the survey showed that in 2007 – 23% of pets were insured whilst only 12.2% of the British general public were using private medical insurance.
Allan Burns, the manager of Tesco Pet Insurance didn’t find these results particularly surprising “I’m not surprised by this finding. We have known for a long time that us Brits are pet mad.
“Tesco Pet Insurance continually finds ways to make pet cover more affordable for our customers, helping them through tougher times. This is why we are the second largest pet insurer in the UK.”
Supermarket giant Sainsbury’s also offer a pet insurance scheme believes that the likes of Paris Hilton and Britney Spears are “glamourising” smaller and more expensive types of pet. Unfortunately it appears that the stats back this claim, demand for “handbag dogs” has risen 41.3% in the last year.
Neal Devine, the manager of Sainsbury’s Pet Insurance believes that insuring these popular breeds can leave a big hole in your pocket. “Generally speaking, the cost of looking after a pedigree animal is more expensive than for a cross breed, be it purchased or found through a pet adoption scheme. Indeed, the most frequent claim for a small pedigree dog is for cardiac disease, which can run into thousands of pounds.”
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I discovered your homepage by coincidence.
Very interesting posts and well written.
I will put your site on my blogroll.
Speaking as a the marketing director for Buddies pet insurance, I am not suprised by the news either. There is no national health scheme for pets, so taking out private insurance makes sense.