Pet insurance is for life, not just when you can afford it

In these times of financial hardship consumers are looking at ways of saving money and insurance is an area that will come under scrutiny, warned Mike Powell, Principal Consultant for General Insurance at Defaqto, the independent financial industry expert.

Powell has warned that because it is not a compulsory insurance, and is usually seen as a luxury, consumers may choose to cancel their pet insurance policies to try and save money.

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