National pressure forces u-turn on pet insurance cancellations

Lloyds TSB and Halifax announced plans to withdraw pet insurance policies last year quoting, in part, rising veterinary costs as a core reason for their decision. The BVA and other veterinary associations strongly refuted these claims.

Unwell pets who were formerly on insurance policies with the banks will have their policies reinstated, however Lloyds and Halifax will not be offering new policies, nor will they be providing insurance for the 25 000 pets which are not unwell.

The move has been welcomed by owners of ill pets, as finding insurance for pets with existing conditions is incredibly difficult.