Lloyds Banking Group has announced that it will be shutting down its division for pet insurance, leaving tens of thousands of animal owners without any coverage for their pets’ veterinary care. Lloyds TSB and Halifax have both sold pet insurance policies for a number of years and currently provide coverage for approximately fifty thousand animals. However, the owner of both brands, Lloyds Banking Group, has decided that it will no longer take part in that market. A spokesperson from the company has explained that it has performed a thorough review…
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Pets Best Insurance holds contest to bring awareness to National Pet Health Insurance Month
It is National Pet Health Insurance Month in the United States and in order to recognize it and bring awareness to it, Pets Best Insurance is holding a “Freaky Friday” contest which will honor the pet emergency or pet accident stories that are the “freakiest”. Pets Best Insurance was founded by Dr. Jack Stephens, an expert in the industry and the founder of American pet health insurance. A winner will be selected for every week throughout the month and will receives a gift certificate worth $50 of product from the…
Read MoreVeterinary Pet Insurance sponsors contest for oddest claim
Veterinary Pet Insurance is sponsoring a competition that allows the public to vote online on the insurer’s website on the oddest pet insurance claims. The winner of the contest obtains the VPI Hambone Award, which will be awarded on September 21, 2011. The annual award received its name from the scenario presented by its first winner, which was a dog that had been trapped inside a refrigerator and who ate a full Thanksgiving ham twhile it was there. Other past winners of the VIP Hambone Award have included a Labrador…
Read MorePet insurance sales increasing as more and more are faced with steep vet bills
Pet insurance is on the rise as pet owners start to see the increasing cost of veterinary treatments and do not want to be placed in the position where they must decide between their beloved fuzzy family member and the price tag connected with its treatment. However, just because more people are buying pet insurance, it doesn’t mean that they all understand what is involved in this type of policy. Though many might think that this is just some sort of new way for insurance companies to make a quick…
Read MoreVeterinary plastic surgery skyrockets
Recently released data from the largest pet insurance provider in the United Kingdom, Petplan, has shown that last year there were almost $2.5 million (1.5 million pounds) in claims made for dog and cat nose surgery. This represents an increase in 25 percent in this type of claims over the previous three years. Furthermore, that same insurer also paid more than $1.5 million for young dog eye lifts, and over $400,000 for household pet dental work. According to Petplan, the increase in veterinary plastic surgery makes it possible for pets…
Read MoreKnow your breed’s need before buying pet insurance
Pet insurance has been moving ahead by leaps and bounds and is increasingly being recommended in order to help to make it possible for pet owners to provide superior care for their companions, where that care would otherwise be too expensive to afford. Pet health insurance can cover everything from costly surgeries and medical treatments to prescription drugs. As the number of providers of pet insurance grows, it is also becoming more affordable, as competition is starting to play an important role in pricing. The primary decision that most pet…
Read MoreDoes the cost of pet insurance outweigh the cost of pet healthcare?
Over 43 million households in America own a dog. More than 37 million own a cat. They are our companions, our best friends, even referred to as our “kids”. It’s no wonder that we will spend over 45 billion dollars a year to feed and care for them. In 2009 Americans forked out over 12 billion dollars to pay for their pet’s veterinary care. Healthcare for animals is increasing in price almost as fast as it is for humans. The reason is due, in part, to the advancement in the…
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