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A new YouGov survey commissioned by pet insurance technology expert Aquarium Software indicates that approximately £678 million a year – equating to £1.8 million every day – could be being spent unnecessarily by uninsured pet owners on veterinary fees.
Over half of pet owners (57 per cent) in Great Britain do not have any pet insurance and these costs could otherwise have been covered by insurance. Aquarium Software is urging all pet owners to take out pet insurance to avoid being faced with the unexpected, unpredictable financial costs associates with vets’ bills.
Almost half of households in Britain own a pet and the combined annual cost of vets fees is estimated at over £1 billion, with pet insurance providers making a combined annual pay-out of £452 million (moneysupermarket).
While pet insurance may seem like an unnecessary or avoidable expense, many owners could be unaware of just how expensive veterinary care can be. Recent cases highlighting the costs include a pet owner in Scotland being charged £1200 after her Labrador retriever swallowed a pool ball; and a goldfish owner who paid £300 in vets’ fees to cure his pet’s constipation.
Mark Colonnese, sales and marketing director for Aquarium Software says, ‘There’s really no need for people to be faced with huge bills and to suffer emotional turmoil when deciding ‘is the pet worth it?’
"Many pet owners can be lulled into a false sense of security; their pets seem healthy and well, and so the cost of insurance seems avoidable,” said Mark. “However, pets do sadly become ill or injured unexpectedly, and while there are often excellent veterinary treatments available, they can come at a significant cost.”
Aquarium Software has already implemented tailored, infinitely adaptable technology platforms in the pet insurance sector via a cloud based system that integrate seamlessly with other technologies and platforms. For more information click here.