5 things to consider when buying equestrian insurance

You may be wondering whether or not you should insure your home. Your horse may not be very expensive, but you have to do things that can protect your assets. You don’t need to think only about the market value of your home. Insurance is a way to protect your assets. If you are thinking of taking out equestrian insurance, we suggest you keep the following tips in mind.

The replacement value of your dog

Most people think that equestrian insurance is only for the rich, which is not true. However, replacing a horse worth $10,000 can seem like a huge cost, especially if you also have to pay for your children’s college and mortgage. The thing is, if you can’t buy another horse in case something happens to your current horse, you may want to consider buying an insurance policy.

insurance quote

How much should you set aside for insurance? If you want an answer, you may want to contact an equine insurance underwriter. This way you can find out an exact value of your house. You may think your horse is priceless, but the insurer will consider many things to get a reasonable replacement value. This value will help you know how much you should spend on insurance.

Mortality Insurance

As a horse owner, your biggest fear may be losing your horse. However, worse things can happen. Therefore, you may have to be prepared for it. When purchasing mortality insurance, we suggest that you familiarize yourself with all the stipulations and clauses of the contract.

With some insurance policies, you can file a claim in the event of the death of your horse, regardless of whether your horse died from disease, injury, or natural causes. According to some people, an animal like a horse is covered only when recommended by a veterinarian. If you have no idea about it, we suggest that you let your insurance agent review the policy. This will save you from surprises in the future.

loss of use

You can buy this policy to complement your mortality policy. Usually, the policy helps when your horse gets sick or injured. Another more important thing to consider is that you have to read the fine print as well. This will help you have a better understanding of the policy.

Health insurance

Vet bills can cost you thousands of dollars. The health insurance policy ensures that he will not have to spend thousands of dollars in an emergency. Medical insurance has two types: one will cover both general veterinary care and surgery and the other will only cover common illnesses such as ligament damage or colic damage. Therefore, we suggest that you contact your local insurance provider to find out which policy might be a good fit for you.

So, if you’ve been looking to purchase an equine insurance policy for your horse, we suggest you check out the tips provided in this article.