Many people watch and bet on the horse races, some want to race horses of their own. Owning a horse is much more of a bigger responsibility then people think. Horse riders must be insured, in order to protect themselves and others who are around them. Horse riders most financially prepare themselves, just like automobile owners, against the many accidents that can happen. There are different types of horse insurance that you can have, and its up to you to decide which one best suits your needs.
Health insurance is very important for horse riders or those who own them. You must keep in mind that your horse is a living animal and can have health risks. This covers all major surgeries for your horse. This should be considered for those who have a strong attachment to their horse, or value their horse in some way because many insurance companies do not cover veterinary expenses such as doctors visits, although some specifications might apply. Your horse will have to go through an examination, and the policy will give you a quote and what may be covered.
Shipping for horses is mostly used by those who are shipping horses from outside of the country. Many show horses are covered by the insurance since they are in constant travel. Many who have to travel a lot use this service as well. The horse trailer can also be covered, incase there are any damages or accidents with travel.
Many expensive horses are insured to the fullest. If a horse gets injured somehow and can not race, Loss of Use insurance is something good to have. It is very costly, so this insurance would be best left to racing horses. This insurance can also cover theft. Most horses who qualify for this must be under the age of 20.
Mortality insurance is also used among horse riders who race horses or either own expensive horses. There are many things that can happen to your horse that isn’t your fault, like broken legs, and diseases. Depending on the policy, even fires, building failures, and the horse drowning can be covered. The horse has to go through intensive examination, making sure that it is in already good health so it may be covered. Of course, any harm done to the horse by the owner will not be covered, such as starvation, or neglect.
Liability coveris a common insurance held by horse riders. This protects you financially if your horse hurts somebody else. This is typically low, and because of this many horse riders are recommended to get this, since at least it protects you from losing out tremendously if your horse hurts somebody. Research which company you would like to call because many of these types of cover do not cover horses who are used for profit, and if they are in constant contact with people that wouldn’t ideal.
There are many types of cover to choose from, the one that is best for you depends on your situation. If you just own horses on a ranch or ride fro fun Liability insurance would be a good selection, more expensive horses need more expensive policies but they should pay for themselves if they are use for profit. Research different companies and decide who has the best horse insurance for your needs.