Horse Insurance Prices and Different Options

Does your horse get sick most of the time at home? Well, if so or when you keep a horse at home and fear It getting sick when you are not prepared to take care of the medical bills, worry no more. There exist health insurance covers horses today. You can buy any health insurance for your horse to help you have the best medical care for the animal. I have reviewed some of the best horse insurance covers and their prices in this article. I aim to make you get the best education about the different pet insurance that can perfectly take care of your horse’s healthcare needs. But first, I will begin by taking you through the following questions.

Why should I buy Insurance coverage for my Horse?

Even though it is not compulsory or mandatory for you to buy health insurance coverage for your horse, it is necessary. Owning a horse at home requires a higher financial commitment that can only be managed when your budget for its expenditure. For instance, when you have medical insurance, you will minimize the money spend on taking care of your medical needs. Horses are known to suffer from different injuries or illnesses which cost a lot of money to treat. When you insure the animal, you can take care of its health needs without spending much of your money. You will only need to pay the insurance premiums and let it cover the medical expenditure of your horse.

What Options Does Horse Insurance Cover?

Horse insurance covers many things that depend on the different levels of horse cover. You will have to choose the insurance you want or your horse before making your subscription. The following are available insurance covers for the horse;

Death cover for your horse.

This type of insurance covers the death loss on your horse. It also protects you against expenses on illness, accident, or any disease that may attack the animal. In addition, the death cover insurance also includes the disposal and removal of the carcass.

Insurance cover for theft

Insurance for theft covers creating awareness when your horse is missing. The theft cover also includes straying up to a certain price. The insurance will cover its market value if you don’t recover your horse within 28 days of absence.

The public Liability Cover

This insurance protects you against the price the members of the public will require from you. This helps maintain community peace, especially if the horse is destructive. For instance, when your horse destroys people’s property or causes injuries to people within your community.

The Permanent loss of Use cover

This is an insurance option that covers you if the horse under insurance cannot be used for the insurance activities you registered. This may include helping you to purchase another horse to replace the original one and perform the activities as insured.

Personal Insurance Cover

This cover protects you and any other person riding the horse from injuries or death. In this section, many insurance firms offer covers of between $10,000 to $20,000. This happens when there is an occurrence of death or when there is an event of permanent disability. There are also other minor insurance covers, such as vet fees, that cover vet bills. The vet fees also cover the cost of different treatments recommended by the vet. It also includes the cost of transportation of the animal.

How Much will it cost you to Insure your Horse?

The cost of insuring your horse can be determined in two ways: the excess and the premium. Mostly, people talk of the premiums, the total cost you will be required to pay to maintain your insurance policy. However, the excess option only comes when you want to claim anything from the insurer. It is, therefore, the money you will pay when you want to claim your insurance firm.

Several factors determine the price of an insurance cover for your horse. These factors include;

The age of the Horse

When the horse becomes too old, the animal will start facing frequent illnesses. This means that6 the medical expenditure will become more when the horse is aged than when it is still young.

The type of activities you subject your horse to

Every activity the horse will engage in do have different risks to the animal. The risk considered to have the lower chances of risk is schooling, riding clubs, and hacking. On the other hand, high-risk activities include hunting.

The desire for additional cover

The available insurance coverage for the horse only takes care of straying, death, or theft of the animal. However, you may also want to take other additional covers for the animal, including the vet fee or the public liability cover. When you decide to take the additional cover, it will add to your normal premium and make you pay more than the normal price.

Horse Insurance Cost

Most horse insurance policies costs between $150 to $250 per year. For instance, when you buy your cover from Equine Insurance, you will pay about $200 a year. Remember, keeping a horse isn’t that cheap regarding managing veterinary bills and other expenditures. For instance, it may cost you up to $145 to take your horse to an emergency vet visit. In the case of an agent colic surgery, it may cost you between $5,000 to $10,000. The cost of insuring a horse also depends on the horse type.

For instance, an Appaloosa horse costs between $3,000 to $900 while an Arabian horse costs between $2,000 to $6,500 to insure.

Conclusion

The best way to minimize the high expenses you subject yourself to when keeping a horse at home is to have health insurance coverage. Because keeping the horse healthy and safe is not easy, insurance policies make things easy for you to help you fulfil your desire to own a horse. Therefore you need not hesitate to take the best insurance coverage for the animal from the most common insurance options.