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Hints & Tips
Protecting your investment
In this section:
Choosing to insure your horse
A horse is a large outlay and it would be sensible to look into insuring your investment in case of unforeseen problems. Death, vets bills, injury and sickness need to be considered and protected against, and theft should not be ruled out.
You should consider that if something did happen to your horse would you be able to afford to replace the horse out of your own pocket. It is a rare exception to find someone who can easily pay out of their pocket if their horse was lost or stolen.
Back to top - Back to Hints and TipsVet’s Fees
If your horse had a bad accident or suddenly developed a serious illness – would you be able to cover the vet’s bills?
Just think about how much you would be able to afford if your horse had to visit the vet and the bill was thousands of pounds. Like many, you probably wouldn’t be able to afford the whole amount; at least not all in one go. The solution is to take out horse insurance.
When looking at different horse insurance companies make sure you find out what the vet’s fees limit is, and whether they are optional or included as standard. You may even be able to increase the vet’s fees on some policies. In addition to vet’s fees, there are many other sections that could be included, such as public liability, personal accident and saddlery and tack.
In this day and age it is easy to research policies before taking out cover, and even obtaining a few quotes to compare. It is important that you choose the right policy for both you and your horse. Think about the type of riding that you do, as this may affect your premium. Some insurance companies have higher premiums for horses that take part in hunting and hunter trials, so if you mainly do pleasure rides you may find a lower premium with some companies.
Make sure you look into the security requirements and check that you comply with them. It would be very frustrating if you had to put in a claim and for it to be rejected because you had not complied.
Have a look at the different discounts you could get with each insurance company, some will offer online discounts or freeze-marking discounts.
Back to top - Back to Hints and TipsRiders and Tack
When purchasing insurance it is important to think about insurance for yourself as a rider in case of injury and also for your saddlery and tack in the instance of loss and theft. There are different horse insurance policies available on the market, it is best to shop around and find the best policy that suits the levels for you and your horse.
There are also policies available for those who ride but don’t have their own horse. The focus would be more on personal accident and public liability, but some emergency vet’s fees could be covered too.
When looking at horse insurance it is important to find out about vet’s fees cover. Some policies give all-round cover, while some have limited cover such as for accident or injury with no illness cover. It is worthwhile having a read of the policy wording to find out exactly what is and isn’t covered. It is also important to find out about excess. Excess is the amount that you will need to pay in the event of a claim.
Public liability is also very important to consider when thinking about insurance. Think about how much a public liability claim could come to and about whether or not you would be able to afford the cost. Most companies offer at least £1million public liability cover, just in case something happens with a third party while you are riding your horse.
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