Many cats and dogs remain uninsured, says report
The majority of cat and dog owners have no protection in place in the event of expensive veterinary bills, it has been suggested.
According to Sainbury's, only 26 per cent of cats and dogs are insured, meaning many people may have to pay out large sums of money for treatments.
Neal Devine, Sainsbury's pet insurance manager, said: "With the cost of treatments and vets' fees rising, it's now more important than ever to have pet insurance."
However, current economic conditions may lead to many pet owners cutting back on their insurance cover as they look to reduce their financial outgoings, he added.
Earlier this month, Andrew Haslip, of Datamonitor, called for educational campaigns to be launched to target groups that are the least likely to insure their pets.
These tend to include people on lower incomes and the elderly, the expert stated.