In their recent review of pet insurance policies, CHOICE has pointed to the lack of competition in the market as well as warned consumers about the pitfalls of certain policies, emphasising that they need to do their research.
After reviewing 86 pet insurance policies, CHOICE was unable to recommend any of the products due to their many restrictions and the lack of competition in the market.
Until recently, there were only three providers of pet insurance in Australia. Newcomer Trupanion means there is now a fourth player in the market.
CHOICE has advised those pet owners who do decide to take out a policy to consider a range of factors.