One res­o­lu­tion you can – and should – keep

The Citizen (KZN) - - City -

So, we were com­pelled by peer pres­sure, fomo (fear of miss­ing out) and neg­a­tive bank bal­ances to cre­ate New Year’s res­o­lu­tions that, let’s be hon­est, were mostly un­re­al­is­tic.

How­ever, with the cur­rent strug­gling eco­nomic cli­mate, it’s im­per­a­tive for you and your fam­ily (furry mem­bers in­cluded) to cre­ate and im­ple­ment some fi­nan­cial res­o­lu­tions that will as­sist dur­ing re­ally bleak times.

“Fi­nan­cial res­o­lu­tions don’t have to be in­tim­i­dat­ing,” says David Roache, man­ag­ing di­rec­tor of dot­ “It’s about putting in a lit­tle and gain­ing a lot.

“For many, sav­ing just R100 a month won’t make too much of a dent on their day-to-day life, but come a rainy day, they’ll be grate­ful to have that lit­tle bit ex­tra to fall back on.

“The same ap­plies to pet in­sur­ance; out­put far out­weighs in­put.”

For as lit­tle as R73 a month, come that rainy day no pet par­ent likes to think about, you’ll be cov­ered.

Pet par­ent­hood is on the rise in South Africa “due to the grow­ing num­ber of sin­gle pro­fes­sion­als, empty nesters, cou­ples who de­lay hav­ing chil­dren and fam­i­lies want­ing more dogs for safety,” said Roache.

“In 2016, there were an es­ti­mated 9.2 mil­lion dogs liv­ing in South African house­holds, rank­ing us the ninth high­est in the world.”

Pet in­sur­ance is be­com­ing in­creas­ingly pop­u­lar in SA as some pet poli­cies pro­vide up to R53 000 in cover an­nu­ally.

SA pet par­ents have be­come more at­ten­tive in their pur­chases, opt­ing for prod­ucts and ser­vices that treat pets as part of the fam­ily.

“You wouldn’t think twice about pay­ing for a com­pre­hen­sive med­i­cal aid plan for you and your fam­ily, so why should pro­vid­ing for our furry fam­ily mem­bers be any dif­fer­ent?” asks Roache.

How­ever, he said, ed­u­ca­tion is needed.

“Al­though we’ve cov­ered in ex­cess of 100 000 South African pets, we know ... the lo­cal mar­ket [is just be­gin­ning] to trust and un­der­stand this type of cover.”

How­ever, dot­ has paid out more than 45 000 claims in the last three years, sav­ing pet par­ents mil­lions of rands in vet bills.

“Pet in­sur­ance isn’t just a ‘nice to have’ but a ne­ces­sity in to­day’s tough times,” con­cludes Roache. – Cit­i­zen re­porter

Pic­ture: Sup­plied

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