Nationwide Pet Insurance, the largest provider in the US, is dropping 100,000 policies due to rising veterinary costs. This move reflects a broader trend of insurance becoming increasingly inaccessible for Americans, with rising costs impacting everything from homeowners to vehicle insurance. The situation highlights the financial strain on pet owners, who are already grappling with high inflation.
Financial expert Martin Lewis advises consumers to open accounts with higher interest rates to increase their savings. Nationwide offers a £200 incentive for switching accounts, with minimal effort required. Experts emphasize that switching banks generally does not significantly impact credit scores, unless done frequently. Individuals who switch accounts strategically can save substantial sums of money.
