The UK insurance industry is one of the countries major exporters, with almost 30% of its net premium income coming from overseas business.
Source: Association of British Insurers (www.abi.org.uk)
Because different animals have different risk factors and will need different kinds of treatment pet insurance providers tailor their policies to the type of animal being covered. For instance the needs of a horse will be very different to the possible treatment that a cat may require.
Depending on the policy you choose some of the other benefits of pet insurance include compensation for the death of your pet but most include 3rd party cover for any damage done by your pet to other people's property.
Most insurance policies carry an excess, an initial amount that you must pay towards any claim and pet insurance is no different. The excess will differ from policy to policy and it is something worth comparing when you are choosing a pet policy.
If you take your pet abroad check your policy first as you may need to amend it or take out special travel insurance.
Celebrity lawyer Nick Freeman failed to check his pet insurance.
Pet insurance premiums are on the rise.
Many Britons have suffered the trauma of a lost pet.