You pet is like a member of the family. In fact, others consider it as a baby. You love your pet so much.
You give it all the love and care it needs. Sometimes, you even provide the luxurious things in this world just to make it feel happy.
However, do you also know that when you have a pet, you must think about its treatment in case it gets sick or injured?
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Are you aware that getting your pet treated become costly now? It is not clear whether it is profiteering or the owners are just scared of something that may happen to their pets.
Because of this, pet insurance is also increasing. There’s a pet owner who spend £5,000 because their family dog has chewed sock, and it needs to be removed. That’s how expensive it is.
Are pet owners discouraged in getting pet insurance?
Despite the increasing price of pet treatment, you will be surprised with some of the pet owners as they are still happy and willing to pay for pet insurance. They feel they are responsible owners.
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However, pet insurance is not perfect. You can still find some pitfalls. It does not cover the vaccination and neutering. According to one vet, the vet cost increases because of the various options today. Do you find this article informative? You must share it with your family and friends!
Vets and the pharmaceutical industry realised there was money to be made from this, she say. “Pet owners wanted more treatment and the industry responded.”
And insurance pushes up the cost of treatment by allowing options that would otherwise be unaffordable. “A vet is not making more money off an insured animal,” says Wedderburn. “What insurance does is give the vet more options.”
But, of course, the more the insurers have to pay out, the more they will push up the premium to ensure they make a profit. At the moment, people seem still prepared to pay.
This interesting article can be read at: http://www.bbc.com/