
Pets at Home launched a pet insurance range through Compare the Market, aiming to simplify cover. Less than 20% of consumers understand common insurance terms, research found.
Pets at Home entered the pet insurance market on 19 August with a new range of policies sold exclusively through Compare the Market. The company will start selling the products through its own website and app from September.
The three lifetime cover options – Core, Plus and Max – let customers choose an annual veterinary fee limit. All three policies cover accidents, illnesses and dental treatment with no per-condition limits and a single annual excess. Customers also get benefits including hydrotherapy, behavioural therapy, prescribed diet support and missing pet cover.
Claims will be handled directly with veterinary practices through a new online portal, the company said. The portal aims to reduce the paperwork for pet owners.
The launch follows research commissioned by Pets Insurance that found widespread confusion over insurance terminology. Fewer than one in five respondents understood terms such as pre-authorisation (19%), co-pay (16%) and no inner limits (13%).
Matt Poll, managing director of Pets Insurance, said the company developed three "easy to understand" products. "Pet insurance can often feel confusing and difficult to navigate," Poll said. "We've listened to what pet owners want and developed three easy to understand products designed to give greater confidence and peace of mind."
Compare the Market commercial director Helen Phipps said the partnership makes cover clearer. "By making cover clearer and more accessible, this partnership helps owners take that important step with greater confidence and peace of mind," she said.
Pets at Home already operates veterinary clinics, a Pets Club loyalty programme and a charitable foundation. The insurance launch adds another service to its pet care offerings.
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