Getting Your Horse Insured

If you own a horse, you know what an incredible companion he is. You spend hours grooming your horse, riding your horse, going on adventures with your horse and just talking to your horse. Owning a horse is a wonderful experience but also a costly one. Horses are high maintenance and require boarding, special diets and ongoing veterinary care. Getting your horse insured is a wise way to offset the lofty costs of having this companion.

Besides your house and your vehicle, your horse might be one of your most pricey assets. Getting horse insurance helps you to protect this valuable investment. Your horse can be insured for market value (what is paid for horse of the same qualities), purchase price (what you paid for your horse) or sum insured (an amount agreed upon by both you and your insurer). If you horse is lost, stolen or dies, this insurance coverage can help to recover your loss financially.

Emotionally, your horse needs pet insurance to cover those unexpected veterinary bills along with routine care and maintenance. If your horse get ill or injured, veterinary costs can mount to thousands of pounds. When you have horse insurance, it pays toward the cost of the necessary treatments to bring your horse to good health. If your horse suffers permanent loss of use and can no longer participate in regular activities, your pet insurance policy may compensate you accordingly. If your horse dies, there are policies that cover the cost of disposal.

Riders of the horse, including yourself, may also be covered for injuries incurred while riding. Horse insurance policies can also cover third party liability in case you are found liable for an injury, accident, damage or death to a third party. This keeps you from experiencing extreme financial risk during unforeseen events that could be held against you. Other optional horse insurance coverage is for your tack, saddlery and horse trailer in case of damage, loss or theft.

Premiums for horse insurance coverage are based on the breed of the horse, the location of the horse, the general health of the horse (pre-existing conditions may be be excluded) and the age of your horse.

Getting your horse insured gives you the ability to handle expenses as they arise without worry about the financial aspect.