Horse Care Hints & Tips
Protecting your investment
In this Section:
+ Choosing to insure your horse
Purchasing a horse can be expensive so it is sensible to look into insuring your investment in case of unforeseen problems. Death, vet's bills, injury and sickness need to be considered and protected against, and theft should not be ruled out either.
It is worth considering that if something did happen to your horse would you be able to afford to replace the horse out of your own pocket or pay the sometimes excessive vet's bills. Purchasing another horse if yours is stolen or paying out for vet's bills can be a considerable strain on your finances and that is where insurance can help. It is important that the equine insurance policy you choose suits both you and your horse's needs, so make sure you do thorough research before settling for a policy.
+ Vet'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 amounted to 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 this cover is optional or included in the policy as standard. Some policies have limited cover for vet's fees such as for accident or injury only with no cover for illness and disease. It is worthwhile having a read of the policy wording to find out exactly what is covered and the excess you are expected to pay in the event of a claim. In addition to vet's fees, there are many other sections that could be included in your equine insurance policy, such as public liability, personal accident, 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 you are offered a lower premium.
Make sure you look into the security requirements and check that you comply with them. It would be very frustrating if you had to make a claim and for it to be rejected because you had not complied.
Check the different discounts offered by each company to see what you may be eligible for; some offer online discounts if you apply for your policy online, some companies offer a discount if your horse is freeze marked and it is also common to offer a discount if you insure two or more horses with the same company.
+ Riders and Saddlery & Tack
When purchasing insurance it is important to think about cover for yourself as a rider in case of injury and also for your saddlery and tack in the event of loss or theft. Make sure you are familiar with your chosen insurance company's security requirements and the excess you are expected to pay in the event of a claim. As a rider you are responsible for any damage caused by the horse, so it is advisable to choose an insurance policy that includes Public Liability which will cover you for damages to a third party whilst horse riding.
There are insurance policies on the market for those who ride but don't have their own horse. The focus of these policies is primarily the rider, so personal accident and public liability cover is offered, but some emergency vet's fees cover for the horse is often also included. With the vast choice of horse insurance providers, it is advisable to shop around and find the best policy that suits you and your horse.