Horse Insurance - Insuring Your Horse


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When you own a horse, equine insurance is almost definitely a must-have. Learning the ins and outs of horse insurance can help you be sure that you are protected financially in the event of a mishap.

Why Insure?

There are many reasons to insure your horse. First of all, did you know that you can actually be held liable if your horse injures someone or escapes and causes damage? If anyone rides your horse, you can be held responsible for medical bills. If you are found negligent in a situation in which your horse has seriously injured someone or damaged property, you may quickly find yourself facing massive bills.

Additionally, horse insurance can protect you in the event that your horse is seriously injured. Having medical insurance on your horse can make a potentially devastating situation, such as if your horse needs costly colic surgery or hospitalization, more manageable. We all know that vet bills can pile up quickly; having equine medical insurance can make a huge difference in such a situation.

There are even policies available which offer payouts in the unfortunate event that your horse should die. High-performing show horses and studs are often insured against loss of use, meaning that if the horse were to be injured and his career ended, the owners could receive some of the horse’s potential (and lost) earnings from the insurance company, softening the blow of the loss.

What Type of Insurance Do You Need?

As you know, there are many different types of equine insurance, and each insurance company offers slightly different policies and coverage. Before you approach an equine insurance company, give some thought to just what you need your horse covered for. A basic equine liability policy is necessary for just about any horse owner, so use that as your basis and then add on additional coverage.

If your horse is a high-performing show horse, then a loss of use policy may appeal to you. Major medical coverage will cover you in the event of serious injuries or illnesses, but be careful – not all major medical coverage covers colic surgeries or procedures, though some insurance companies offer additional colic coverage. If your horse is of high value, you might also consider a mortality policy, through which you would receive some of the horse’s cost back in the event of his death.

When Can You Insure Your Horse?

Typically you can insure a horse at any time, but there is some paperwork involved and some policies, such as major medical policies, have waiting periods in terms of when they will take effect. Every insurance company is different, though, so it is best to speak with an equine insurance representative to find out the details.

Most younger horses can be insured without issue, but as your horse ages you will find that some policies end their coverage once your horse reaches a particular age – often in his teens. Preexisting medical conditions may also affect your horse’s eligibility.

As when buying any sort of insurance, read the policy carefully and be sure that you understand just what is and isn’t covered. Ask plenty of questions, but give equine insurance some serious consideration; it could help make a potentially disastrous situation more bearable. TOPHORSE–browse horses for sale or place an ad to sell horses.

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