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Is a Pet Insurance really necessary?

Life insurance, travel insurance, mobile insurance. it's plenty of finance company out there and it seems we are insuring everything today...
The one I was more intrigued lately is the pet insurance.
Initially I thought that pet insurance was unnecessary. But..Is it?
A pet insurance may cost several thousand pounds along all the life of your pet. It’s been estimated that a pet out of three need multiple veterinary treatment every year. Considering that veterinarians prices are increases constantly, well..maybe it's better to have a pet insurance.

Pet medicine today has evolved a lot. Today it is possible to treat pets with treatments once reserved to humans. Considering that sophisticated diagnosis and complicated treatments can be very expensive, a good pet insurance is necessary.