Should you get insurance for your horse? Why would you need insurance for this beloved animal? There are many reasons to apply for it and pay the monthly premiums. There are also many locations and objects that can be insured as well as the horse, but be included in the same policy. Here is how it works.
What can you insure, under your horse’s policy? For starters, in addition to insuring the actual animal, you can actually insure your farm or equestrian club. The stable can be placed under this policy, too, as well as any equipment you own. You can receive a pension through this policy and insure your residence. If you own an equestrian or riding school, you can add that as well. You have the option to cover your breeding projects. And, of course, if you have employees such as an instructor, a trainer, or a horseshoer, they can be covered, too!
These insurance policies are interesting because they help cover you in case of an accident or a natural disaster. They also help you out in case of theft or even if your horse needs medical care, including surgery. If the rider dies accidentally, that is also included. If you have any fees to pay in case of mortality, that will be repaid. All equipment is insured, so if anything happens to it, you can turn to your insurance broker. Plus, if anyone tries to sue you because something happened to them while they were riding your horse or caring for it, you will be protected.
Now, be careful because some policies only cover until the horse reaches a certain age, so read all of the details, including the fine print, carefully. At times, race horses or rodeo animals won’t be covered, either. Whatever happens to the horse, whether it is an accident, an illness, or if it dies of natural causes or because the vet judged that it was time to put it down, you will receive compensation for it. However, if an investigation needs to be carried out because a criminal case is suspected, such as an injury done deliberately to the animal by the family of the insured, or that the horse was put down without prior approval by the insurance company, then you may not receive the amount owed.
All in all, a horse can be insured – like humans, cars and homes. So do a bit of research and find out what your needs are!
Photo credit: flickr.com
