If your horse were to suddenly become injured, would you be able to afford the surgery? Would you be able to replace him if he passed away? Horse insurance is an invaluable asset to help you cover these expenses. There are a few key factors to keep in mind when looking for quality equine insurance.
1. Find an Agent
You need someone who will sit down with you and speak clearly on the policies being offered. You don’t want to get mixed up in the legal jargon. Find an agent who will decipher the policies and explain them plainly.
2. Mortality Clauses
These work a lot like a life insurance policy for humans. They will pay out in the event of a death caused by accident, injury, or illness. You might want to ensure that the policy will also cover you in case of theft.
3. Surgery/Major Medical
Just like a human’s health insurance, this will cover the cost of procedures necessary to treat injury, illness, and disease. Some of the covered expenses can include: colic surgery, x-rays, anesthesia, lab tests, and sutures.
4. Loss of Use
Should the unthinkable happen and your horse is permanently disabled, this policy would pay you for a percentage of your horse’s value. Many policies will cover up to 60% of your horse’s worth. This is an expensive policy and it only kicks in when a horse has a total and permanent loss of his ability to perform his tasks.
In extreme circumstances, it may become necessary to put your horse down. If your horse is put down without approval by your insurance company, you might not get paid. You must consult with the doctors and your insurance company before deciding to go this route. There are strict guidelines to follow.