Pet owners are left exposed on cover by Lloyds Banking group
News from This is Money:

By Jo Thornhill

Last updated at 10:06 PM on 1st October 2011

Lloyds Banking Group is pulling the plug on its pet insurance operation, leaving tens of thousands of customers high and dry.

Halifax, part of the Lloyds group, entered the pet insurance market in 2002 with much fanfare, boasting of low prices and attractive lifetime cover deals.

Its particular type of policy enables pet owners to claim for a specific ailment or condition year after year, in contrast to other policies that impose a 12-month limit per condition. Lloyds TSB has offered similar lifetime and time-limited pet insurance policies since 2000.

The two Lloyds brands insure about 50,000 pets, mainly cats and dogs, but now the group says the business is no longer viable.

… Read the full article


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