We’re situated not too distant from ranchland where horse ownership is common. I thought this might be of interest.
When purchasing a horse you probably didn’t realize all of the other purchases you would need to make. Tack, feed, lessons, boarding costs, they all add up. Another expense you may not have considered is for veterinary care. Fortunately, health insurance for horses can help ensure that you are never faced with making a decision on the health and well-being of your horse based on finances.
There are several different types of horse insurance, but health insurance includes mortality and medical coverage. You may want a separate liability coverage if you keep your horses at home. This is something to discuss with your home insurance provider. Health insurance for horses addresses medical care due to injury, disease or accidents.
Mortality insurance is similar to life insurance for humans. It covers your loss in the event you lose your horse due to death or theft. The premium, as well as the payout, is based on the age, use, and breed of your horse. The replacement value will be determined between you and your insurer.
There are several different medical insurance offerings available to help with medical expenses. It is important to understand that health insurance for horses is not meant to cover regular preventative care, such as vaccinations and health certificates. Rather it covers treatment for illness, disease or accidents. Lameness and EPM are some examples of ailments that may qualify under a major medical plan.
Many insurance providers also offer surgical coverage only option. This is a way to cover your horse if he should need an expensive surgery, but leaving you responsible for general major medical care, such as ongoing treatments for lameness. The surgical only option can be a tremendous stress reliever if you find yourself in a situation where your horse is colicing and surgery is the only available option.
There are insurance plans to meet every need. Talking to an agent that specializes in health insurance for horses allows you to discuss and understand all available options. Horse ownership is expensive, and it is important to make decisions that are in both your horse’s and your finance’s best interest.