UK pet owners are taking out greater levels of
pet insurance than ever before, new figures have revealed.
Figures compiled by Datamonitor have shown that the amount of pet insurance being taken by UK animal owners has risen considerably in the last few years, with levels of £360 million seen in 2006. This figure is predicted to rise to £600 million by 2011.
"People are very dedicated to their pets here and willing to spend time, effort and money to get them well," said Lea Liehmann, a soft-tissue surgeon at Davies Veterinary Specialists, the largest private clinic of its kind in Europe.
Meanwhile, research carried out by Sainsbury's has shown that 836,000 UK pet owners admitted that they have stopped taking their animal to the vet, as they can no longer afford the fees.
Therefore, making cuts to pet insurance can prove to be a false economy for many.
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