If you are a horse owner, then you know that they become like family to you. You want to do everything in your power to protect them, and this is why equestrian insurance is so important. In this article, we are going to talk about what equestrian insurance is, how it works, what it covers, and the benefits. We hope that by the end of this article, you will have a better understanding of equestrian insurance and whether or not it is something that you need for your horses.
What is Equestrian Insurance?
Equestrian insurance is a type of insurance that specifically covers horses. It is similar to other types of pet insurance in the sense that it can cover things like medical bills and even theft or death of the horse. However, equestrian insurance often has higher coverage limits than pet insurance since horses are typically much more expensive than other pets. It can also help to cover the cost of any damage that your horse may cause to property or other animals.
How Does Equestrian Insurance Work?
Equestrian insurance works by reimbursing you for covered expenses related to your horse. This can include things like veterinary bills, equine dental care, farrier services, and more. In order to get coverage, you will need to purchase a policy and then pay premiums on that policy. The amount of your premium will depend on factors like the type of coverage you choose, the value of your horse, and the deductible you select.
For example, if your horse gets sick and you have to pay for veterinary care, equestrian insurance would reimburse you for a portion or all of those costs. The same would be true if your horse died or was stolen. However, if you decide to cancel your policy, you will not be reimbursed for any future costs.
What Does Equestrian Insurance Cover?
Depending on your policy, equestrian insurance can cover different things, so we will address the most common ones.
Horse Mortality: This is one of the most important coverages that equestrian insurance offers. It can help to reimburse you for the cost of your horse if it dies due to an accident, illness, or even old age.
Theft Protection: If your horse is stolen, equestrian insurance can help to reimburse you for the value of the horse. This coverage is typically only available if you have proof that your horse was stolen, such as a police report.
Liability Coverage: This type of coverage can protect you from lawsuits if your horse causes property damage or injures another person or animal. Equestrian insurance liability coverage typically has higher limits than other types of pet insurance since horses can cause more damage than other pets.
Veterinary Services Reimbursement: Many equestrian insurance policies will reimburse you for a portion of your veterinary bills. This can include things like routine care, vaccinations, and even emergency care.
Medical or Surgical Costs: If your horse needs surgery, equestrian insurance can help to reimburse you for those costs. This coverage is typically only available if the surgery is considered medically necessary.
Equipment and Tack: If your horse’s equipment is lost, stolen, or damaged, equestrian insurance can help to reimburse you for those costs. This can include things like saddles, bridles, horseshoes, and more.
How to Buy Equestrian Insurance
Equestrian insurance is typically purchased through an insurance broker specializing in equine insurance. You can also purchase equine insurance directly from some equine insurers. When you are shopping for equestrian insurance, be sure to compare policies from different insurers to find the best coverage for your needs.
You should also consider the value of your horse when you are choosing a policy. If you have a very valuable horse, you may need to purchase a more expensive policy with higher coverage limits. However, if you have a less valuable horse, you may be able to get by with a less expensive policy.
If you are a horse owner, then it is crucial for you to have equestrian insurance. This type of insurance will protect your horses in the event that something happens to them. Will Marshalls Insurance Brokers can help you find the best policy for your needs and provide you with the coverage that you need.
Contact Will Marshalls Insurance Brokers today to make an appointment and discuss your options. We can help you find the right policy for your needs and budget.