How Horse Insurance Can Protect Your Equine Investment

Owning a horse can be an incredible experience. There is also a financial investment and some risk involved. Purchasing insurance can help protect that investment and offer peace of mind.

There are many different types of horse insurance policies to consider. Coverage can protect against a wide range of scenarios, but here are some of the most common:

Horse Liability

Horses are large, powerful animals. It is possible they can cause damage to property or injure another person. Liability protects you if this happens. Consider how often your horse interacts with other people or is taken off your ranch. It is important to remember that horses are animals, and their behavior can be unpredictable.

Horse Medical

This type of coverage is similar to what humans have for health insurance. It will cover common veterinary costs. Most plans will have a deductible and a cap on what is covered per year. Unlike health insurance, watch for preexisting conditions that might not be covered by reading the fine print.

Endorsements are an option under medical coverage. Surgical endorsements can help cover the cost of unexpected surgeries. Major medical endorsements typically cover treatment for injuries sustained from disease, illness, and accidents.

Horse Full Mortality and Theft

Much like a life insurance policy for humans, this type of policy offers protection if your horse dies naturally or accidentally. It will also cover theft if your horse is stolen. If your horse is not eligible for full mortality, you may be able to consider a limited mortality policy. That coverage is limited to specific perils.

Horse Loss of Use

If you own a working horse, you might consider an endorsement for full or limited loss of use. If your horse becomes disabled and incapable of fulfilling its function, this coverage will pay a portion of the insured value.

A stallion infertility endorsement protects against financial loss if the horse becomes permanently incapable of breeding. In order to be covered, the stallion must be a proven breeder. Qualifications also depend on several factors, including age and value. Infertility must be a result of disease, illness, or an accident.

Horses are a valuable investment for many owners. Protecting that financial investment should be a priority. Talk with an insurance provider specializing in equine policies to determine what level of coverage is adequate for you. Enjoy your horse without the worry of significant expenses if something unexpected happens.