Horse Insurance - Is It Worth It?
For many horse owners and riders, equine insurance can be an easy area to overlook
. It is pushed to the bottom of the pile and considered an unnecessary expense. There is a certain amount of apathy amongst some individuals with them assuming that it will never happen to me.' Unfortunately, accidents do happen, often when its least expected and the resulting cost can be enough to put an owner into financial jeopardy. In some cases, the horse or pony involved might have to be put down, simply because the owner can't afford to pay out for the level of veterinary care required.It is also important to remember that it is not just the safety and welfare of the horse that needs to be considered. Equines can do considerable damage to cars and property should they get loose. In most cases, the person associated with the horse will be liable for the costs and will have to find the money to fix whatever destruction was caused. The right horse insurance package can provide protection from disaster scenarios such as these.
Most horse insurance companies will tailor make a policy to suit the specific needs of the horse and owner in question. Options can include protection against: Theft or Straying, Death by Injury or Illness, Vet Fees for Injury or Illness, Disposal after Human Destruction or Death of the Horse, among many others.
When selecting a policy, it is important to read the small print. There are a number of things that can void a claim. Even something as minor as not worming the horse as regularly as the veterinarian recommends can result in an insurance company not paying out. Owners must also be aware that in a lot of cases horses less than 30 days and over 16 years can not be covered by a general policy. Some insurance companies will offer special policies for foals and elderly horses.
As well as taking care over the choice of insurance package, it is also vital that horse owners review the policy on a yearly basis, so that it is kept updated. If an incident takes place and the details on the policy don't match the horse precisely, the insurance company might not honour the claim.
If money is a concern, shopping around for a policy is definitely recommended. Also bear in mind that some companies will offer discounts or special offers if more than one policy is held at the same place. This can bring the costs down quite considerably.
Horse insurance is usually provided by insurance companies focusing purely on the equestrian or rural marketplace. Consequently, they usually have a fairly in-depth understanding of the subject area and will be able to answer any questions or concerns that the customer may have. Most will be quite happy to talk through the options and tailor a policy specifically for the purchaser asks.
The most important thing is to have something in place, to protect both horse and rider. Just pick up the phone and get it organised as soon as possible. The cost of horse insurance really is minor compared to how expensive things can get if the horse in question either injures itself or inadvertently damages someone else's car or property. Owning such a valuable animal, from both an emotional and monetary point of view, without any cover just isn't worth the risk.
Horse Insurance - Is It Worth It?
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