Lloyds Banking Group to finally unveil its revamped insurance for pets
News from This is Money:

By Jo Thornhill

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Heartbreak: Beverley Cuddy

Letter are going out to 4,000 Lloyds and Halifax pet insurance customers this weekend, outlining the cost and details of their replacement cover.

Lloyds, which owns both brands, abruptly pulled out of the pet insurance market last October. It had offered ‘cover for life’, which covered conditions year after year, subject to  annual limits. 

But the bank left policyholders high and dry where their cats or dogs had pre-existing conditions because they could not find insurance elsewhere.

Following pressure from consumer groups and a Financial Mail campaign, Lloyds finally agreed to reinstate similar cover for those worst affected.

But it has taken many months of internal wrangling for the bank to thrash out a deal and help those they abandoned.

The bank claims the majority of premiums will be at a similar level to previous cover.

But changes have been made.

…………… continues on This is Money

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