Animal lovers are over three times more likely to have a pet policy (38%) than PMI (11%)
(PRWEB)
While a rise in PMI sales was reported in 2017, it was from a relatively low base and still represented only 10.6 percent of the population; this ties in with Aquarium's YouGov findings that only 11 percent (of 998 pet owners surveyed) have PMI - contrasting with nearly two fifths (38%) of people who have their pet insured. Yet even this number is generally considered far too low by industry commentators, given the inexorable rise in vet bills as new treatments come on line; more should be done to encourage pet insurance take-up, says Aquarium.
"There is no NHS for pets and given rising treatments costs, pet insurance makes more sense than ever," said
A typical PMI policy for a healthy 30 year-old costs around
"As with pet insurance, price is always going to be a factor with PMI, but we know that cost concerns lessen when people see the benefits. Technology has a huge role to play here, and the onus is increasingly on the industry to explain to consumers the pitfalls of non-insurance which can prove extremely costly in the long-run," concluded Mark.
Read the full story at http://www.prweb.com/releases/2018/02/prweb15232313.htm
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