Pet insurance holders should be wary of thieves

Tue, 06 Dec 2011

Pet insurance customers may be encouraged to take increased care of their furry friends in the coming months after new research highlighted the issue of animal theft.

Findings from a recent study from Sainsbury's Pet Insurance revealed 19 per cent of people who have had a cat or dog go missing during the past five years suspect it was stolen.

Thieves can make large financial gains from the resale of particular domesticated pets or their offspring, with many pedigree animals worth thousands of pounds.

Researchers discovered that nine per cent of pet owners believe it is "very likely" their cat or dog was stolen, while 27 per cent have lost their furry friends at some stage since 2006.

For this reason, Sainsbury's Finance advised owners to ensure their animal wears a collar that includes its name and a contact number at all times.

A study carried out by Comparethemarket.com earlier this month revealed pet owners are more likely to obtain cover for their four-legged friends than they are for themselves.

Jeremy Moll, commercial director for the price comparison website, noted while it is a good idea to protect cats and dogs against any mishaps, people should consider this method for other members of the family. 
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