Valuing companion animals

Maria Veronica Saladino

Chapter 106 in Elgar Concise Encyclopedia of Animal Law, 2025, pp 405-407 from Edward Elgar Publishing

Abstract: The valuation of companion animals is a contentious issue. Because companion animals in almost all jurisdictions are considered chattels, their valuation generally is equal to their market value or the price for which they were purchased. Some jurisdictions, however, are increasingly recognizing that companion animals provide their owners with much more than just economic benefits. In those jurisdictions, valuing companion animals includes emotional factors such as the value of the animal's companionship and the emotional injury caused to the owner due to their loss.

Keywords: Companion Animal; Valuation; Emotional Value; Fair Market Value; Compensation; Property; Companionship (search for similar items in EconPapers)
Date: 2025
ISBN: 9781803923666
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