Many pet owners have concerns regarding the rising cost of Vet bills and we asked UK pet insurers Insurancefair for an insight into why this might be and for any tips that may help owners meet the costs.
The shocking cost of veterinary bills can often hit pet-owners with devastating effect. It’s a horror story that we have heard many times before, beloved pets are taken to the vets for a check-up or to investigate a change in behaviour and the animal is diagnosed with a medical condition that requires treatment. A common example of this is hip dysplasia, known to be prevalent in dogs and especially so in certain larger pedigrees. Hip dysplasia in severe (but not uncommon) cases is treated by a full hip replacement. A procedure that comes in at an eye-watering £9,000, depending on your area and vet. Pet owners now more than ever need to have the correct pet insurance in place to cover themselves against these eventualities.
But why are these costs on the rise? This is a complicated question with several key factors affecting the industry as a whole. The area you live in plays an important part of the overall cost of the treatment, there can be a difference of up to 400% between the North and South of the country. It may not surprise you that prices in London on average at the highest while Scotland and Northern Ireland on average are the cheapest. As technology and medicine develop, alternative treatment options became more viable for our furry companions. More intricate surgeries or advanced medicines may now be available for medical conditions; however, these treatments may have a higher price tag due to their complexity, or the increased price of medication due to their development. There is also a shortage of incoming veterinary students according to the British Veterinary Association, leading to higher costs and wages to attract new professionals and established and qualified international veterinary surgeons. Combine this with the compulsory needs to maintain a 24hour service and specialised equipment all year round and the overheads begin to mount.
Any of our team here at Insurancefair are more than happy to discuss your policy requirements and which of our policies will best suit your animal companion’s needs. With our pet insurance, you can cover your pet for up to £7,000 per condition for your pet’s lifetime as well as up to £1,000 of vet-recommended alternative treatment. We have designed our policy wording and summary to be as accessible as possible and have limited the use of insurance jargon so that you can ensure you are covered for what best suits your needs. For further information on pet insurance and the cover that we provide at Insurancefair, please follow the link below: