Tenants Urged to Purchase Pet Insurance Cover

According to Mr. Simon Riddell, chief executive of Animalcare, UK firm specialising in pet drugs, more money is now being spent on pets' health in the UK. He is determined that the development of the pet insurance business is one of the major reasons for increased spending. Association of British Insurance, Ms. Rebecca Driver, director of research in particular, say that the sector of pet insurance is in a stable condition despite all the difficulties that the economic recession caused. She, however, mentioned that companies working in this sector need to work hard at all times to stay afloat.That is the reason why Petpals Direct a specialist UK insurance company, specialising in pet insurance, has launched a new product designed to meet the requirements and needs of UK estate and letting agents.The new insurance plans - TenantCare Cat and TenantCare Dog provide insurance cover for damage to the rented apartments or houses, caused by cats or dogs. Clearly, such insurance cover helps easily resolve all problems between tenants and landlords that are associated with pets.TenantCare Cat and TenantCare Dog provide cover for up to £700 during the first 36 months after moving-in, after what the coverage is reduced to £500.The newly launched insurance plans also provide tenants with insurance cover against illnesses and accidents that are most common with pets. The additional charge for such cover constitutes £8.42/month/dog and £5.17/month/ cat. If the tenant chooses to buy this additional add-on, the cat will receive vet coverage worth £1,500, and the dog - £2,000.Industry specialists are determined that pet insurance is extremely important as it helps eliminate the number of pets that end up in animal charities. A large number of pet owners are unable to pay for the medical bills in case their cat or dog gets injured, however, everyone can afford a less than £10 insurance cover that protects against huge costs of pet treatment.