When it comes to our beloved furry companions, there's nothing we wouldn't do to keep them happy and healthy. But what happens when an unexpected illness or injury strikes and the vet bills start to pile up? Unfortunately, new research has shown that many pet owners are unprepared for the financial burden that comes with pet healthcare.
Half of Pets Need Vet Treatment within First Two Years
A shocking 56% of puppies and kittens require veterinary treatment within their first two years of life, according to a study conducted by snootsvet.com. Yet, despite the high likelihood of needing medical care, one-third of owners do not have adequate pet insurance to cover these costs.
Out-of-Pocket Expenses and Uncovered Treatments
Out of the pets that required care, 7% needed surgery, and 2% sadly passed away before their second birthday. Even more concerning is the fact that 22% of the treatments needed were not covered by pet insurance, leaving owners to shoulder the full financial burden.
Owners Terrified of Huge Vet Bills
The survey also revealed that a staggering 87% of pet owners admitted they are terrified of facing a massive bill every time they take their pet to the vet. On average, pet owners spend £573 on vet visits each year, adding an unexpected strain to their finances.
Expert Advice: Do Your Homework
Jonathan Moyal, founder of Snoots Vets, urges future pet owners to do their homework and carefully research the background of the pet they plan to bring into their home. Moyal emphasizes that many pets require medical attention in their early years, leading to rapidly increasing bills. By doing due diligence and ensuring they have the proper insurance coverage, owners can protect themselves from potential financial hardships.
If you're considering adding a furry friend to your family, remember that responsible pet ownership starts with proper planning and preparation. Protect your pet and your wallet by investing in a comprehensive pet insurance policy.
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