It does not matter if your horse is a riding buddy or a show ring star. You must protect your investment with equine insurance coverage. These premiums are a small price to pay to offset any expenses if your horse incurs from injury. Read on to find out how to choose the right horse insurance coverage.
Get Mortality Coverage
It is unpleasant to think about your horse getting sick or dying. In these circumstances, you have to consider what it takes to replace the animal. Every horse has value and it can be expensive to replace. It also means you must be prepared to replace a horse that is deceased.
Mortality insurance is a common coverage purchased by horse owners. It reimburses you if your horse dies. The horse owner will receive partial or full value of the horse depending on the policy. However, you cannot purchase mortality coverage alone. It is usually combined with other types of coverage.
Get Major Medical Coverage
Many technological advancements are being made in equine health care. If you cannot afford these advancements, then you are at a risk of losing your horse. It helps to prepare in advance than to have to make a heartbreaking decision about your horse’s future.
A major medical policy is another type of coverage purchased by many horse owners. It is similar to the health insurance that humans purchase. This policy covers expenses related to treating an injury, illness or for surgery. However, you can purchase medical coverage along with mortality and surgical coverage. It is important to understand the details of your policy. This type of policy usually does not cover routine care.
Get a Horse Insurance Quote
It can take time to research the different horse insurance policies. You may decide to take a shortcut and choose the policy with the lowest premium. If you take this approach, then you will overlook some key differences. Every equine policy is unique. After doing your research, you can request a horse insurance quote.
Every horse has a unique personality. This difference puts horse owners at a unique set of risks.