A recent study* found there are about 24 million pets owned in Australia. But surprisingly only 26 % of dog owners and 19 % of feline owners had pet insurance.*

So why is there such a relatively small percentage of pet owners with an insurance policy?

According to Animal Medicines Australia, the 2016 Pet Ownership in Australia report revealed the biggest reasons why pet owners opted out of buying pet insurance was because:

  • They did not see the value.
  • The cost.
  • They hadn’t thought about it.

Another reason that impacts many pet owners decisions are concerns over having a claim rejected and the complicated policy inclusions and exclusions.

But there is a reason why many vets and pet experts recommend pet insurance policies, particularly for susceptible breeds – because if there are any health implications in the future, pet owners could end up with thousands of dollars worth of bills.

Should you get pet insurance?

For many of us who love our furry friends – all we need to do is take one longing look into their eyes to realise the small cost for something that brings so much unconditional love into our lives!

If you want to make sure that your beloved pets are well looked after in case of any mishap then you should definitely consider opting in for insurance cover.

*Animal Medicines Australia, Pet Ownership in Australia: report 2016.