New Sainsbury's Insurance pet option announced

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New Sainsbury's Insurance pet option announced

Sainsbury's Finance has launched a new pet insurance option to boost the number of people taking out cover on their pet cats and dogs.

The financial provider's new policy offers £3,000 towards veterinary fees and offers the same value of compensation for dental cover.

Some 2.5 million people have declined recommended treatment for their pet cat or dog over the past five years because they could not afford the cost, research by Sainsbury's insurance has found.

The new pet cover option offers premiums that are 25 to 35 per cent lower than Sainsbury's Finance's higher level insurance policy, which covers treatment fees of up to £7,500.

One million pets could receive lower cover or see their cover moved by their owners because of the current economic climate, the firm predicted.

Neil Devine, manager of Sainsbury's Pet Insurance, said: "We now offer two levels of cover for two different prices, so whatever their budget we hope that more cat and dog owners will look to ensure that their pets are protected by quality insurance."

Sainsbury's Finance's current promotions include a 5.50 per cent AER rate internet saver account and on pet insurance, a 15 per cent online discount and the first three months free on renewal.

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