Do We Need Equine Insurance?

Yes as we said top show horses, race horses and other horses are have equine insurance, but should we insure ourbackyard pony or our daughter horse? Does equine insurance make sense for horses who aren’t or may never be worth large sums of money?

You’d be amazed at the number of $2,500 horses that are insured nowadays. A horse is a major financial investment, regardless of purchase price. The ongoing upkeep and maintenance is costly too, and people want to protect their investments.

The number of equine insurance policies available to horse owners can seem overwhelming, including but not limited to:

• Major medical and surgical
• mortality
• loss of use
• tack and equipment

For those who operate equine businesses,

• liability for trainers
• property portection
• liability coverage for farm owners
• care, custody and control
• reproduction (stallion and mare fertility)
• and even international transit.

Basic types of coverage purchased by most horse owners are mortality and major medical policies.

Equine Mortality insurance reimburses a horse owner if the horse dies. Depending on the policy, the owner may receive payment for the full or partial value of the horse. Medical and surgical policies cover the costs associated with treatment of an injury or illness. An owner can purchase mortality coverage alone, but medical and surgical policies are generally available only in combination with mortality.

That’s where an insurance agent can help, they will be able answer your questions and help clarify the policy language for you. Some insurance agents work for a single insurance company; others operate as independent brokers representing a large pool of carriers.

Whether you’re working with an agent or doing your own legwork, it’s wise to educate yourself on the basics of equine insurance. There is plenty for basic information searchable online look for “equine insurance online“

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