The examine, commissioned by monetary consultants Forbes Advisor, additionally discovered that over half of homeowners admit they underestimated the cost of getting a pet.
Medical prices are the primary expense, costing a median of £462.80 annually – much more than meals, which units homeowners again round £340 every year.
Kevin Pratt, insurance coverage knowledgeable at Forbes Advisor recommends homeowners contemplate insuring their pets to handle prices, explaining: “One thing any pet owner will tell you is that a trip to the vet – probably inevitable at some point – can be extremely expensive.
“This makes pet insurance such an important purchase. Having cover in place means animal lovers don’t have to worry about paying for the care their pet might need, and they won’t need to raid their savings or even go overdrawn to pay the vet’s bill.”
But pet insurance coverage can fluctuate vastly relying on the breed of canine or cat.
Here are the ten costliest breeds of dogs and cats to insure.
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Medical prices are the primary expense, costing a median of £462.80 annually – much more than meals, which units homeowners again round £340 every year.