A horse or pony is a significant investment, with equipment costs, stables and veterinary fees all increasing the overall cost of looking after a horse. It makes sense therefore to make sure that appropriate horse insurance is put into place. But it's absolutely essential that horse insurance is chosen on the basis of what is covered, the terms, additional benefits, length of cover and value of cover than on the cost of the insurance premium. Cutting costs when it comes to choosing horse insurance can mean cutting the options when it comes to providing a horse with the treatment or attention it needs.
What Is Horse Insurance?
Horse insurance, as with most forms of pet insurance, provides a range of benefits including veterinary fees in the case of illness or accident. But horses involve a range of unique requirements which make it important to think about the various options and benefits available, deciding what you need, and what you don't, so that you can make a fully informed choice about which horse insurance is right for you, rather than relying on price alone to make your mind up.
Not all horse insurance policies include the same features as standard, and not all insurers provide the same range of additional benefits, so it pays in the long run to check through the following list of features which can be found, and use this list to help you make the right choice for your horse.
What Are The Different Types Of Horse Insurance?
Rather than there being different types of horse insurance policies, insurance companies will be able to offer various combinations of benefits and features. Some of these will be included as standard, but many are additional extras. Use this list to decide what you do need, and what you don't, and then find insurance companies offering horse insurance which includes all those features you need before comparing the prices of premiums.
- Veterinary fees - These will include illness, accident, and in some cases long term medical conditions. As veterinary fees for horses, and any medical treatment required, tend to be more expensive than for dogs or cats some insurers will be able to pay directly to the vet, and some vets will be happy to wait for the insurer to make the payment direct.
- Death - This could be through either accident or illness. Since horses are a significant investment this feature is often an important one to consider, but check to see whether there is an age limit stated in the policy.
- Damage or stolen equipment - The equipment may include saddlery, rugs and tack, and it's easy to overlook this element when considering horse insurance. Most policies will provide the option to insure this equipment in addition to the horse itself.
- Trailers - If you intend driving your horse to various locations then the trailer will need to be insured. This is usually an additional option provided by insurance companies.
- Incapacity or loss of use - If your horse becomes injured or unwell and this is a permanent situation resulting in you being unable to use the horse, then this feature will provide appropriate compensation.
- Theft or straying - Sadly as horses do represent a considerable investment theft does happen. Additionally it is possible for horses to stray in some cases. This option will cover the value of the horse in either case.
- Dental cover - This can actually cover both the horse and the rider, since either one may end up needing work.
- Rider accident cover - This feature provides compensation in the event of the rider having an accident. This feature will vary as far as terms and conditions are concerned, so make sure you read the small print carefully if looking in to this option.
- Third party liability - This will cover any damages or legal expenses in the event of the horse causing damage to someone's property, or causing any injury to anyone.
- Stable loss - If you own the stables then you may find this option of great benefit, covering the cost of rebuilding the stables in the event of complete loss.
Horse insurance policies vary perhaps more than almost any other kind of insurance policy, and certainly as far as pet insurance is concerned. Use the comprehensive list above to decide what's relevant, and then compare horse insurance quotes for the best deal.
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