If you own a horse for personal use then you will be very well aware that the upkeep of your equine companion can be extremely hard on your bank account. However the joy and pleasure that many people experience through the ownership of a horse offsets the stress and strain that comes from budgeting for unexpected illnesses and even accidents.
However, most people who own a horse investigate equine insurance – it simply makes sense to plan for the unexpected – after all the medical costs associated with an unexpected illness related to horse ownership can be far in excess of the costs associated with the ownership of household pets – sometimes running into thousands of dollars.
As with any insurance product shopping for equine insurance can be frustrating – there are many different service providers and suppliers and some are more reliable than others. When choosing a provider it is absolutely essential that you identify a provider with a great track record of providing world class coverage.
Some considerations to take into account include the length of time that the provider has been in the business of providing quality animal related insurance products and their track record of exceptional service provision. One of the easiest ways to find out if they have this track record is to go onto the Internet to find reliable pet insurance reviews.
Depending on your requirements the scope of the coverage is also essential. The coverage should extend to both medical expenses and mortality – in fact many of the more comprehensive equine insurance policies also coverage theft. This is especially important when the policy covers high quality bloodstock.
The availability of veterinary care is also a great concern. In the case of horses the insurance policy should cover visits by a qualified vet to the premises where the horse is housed. The number of visits that are covered by the policy is also extremely important.
It is also important that the owner review the conditions related to the age of the horse. Equine insurance can become increasingly pricey as the horse ages. Owners should make sure that the policy will be in place for the entire lifetime of the animal.
The amount of excess that will be due will dictate the actual affordability of the insurance policy. Some of the best policies have a fixed excess amount so there will be no surprises no matter what the level of care that is required.
There are also types of equine insurance that cover more than veterinary care. Some insurance providers also provide insurance cover for the loss of tack and other equipment. Finding a service provider that can cover not only vet bills, but also other costs associated with ownership and use of a horse can make a significant difference to the overall costs of insurance cover.
Equine insurance is something that should form part of the monthly expenses of owning a horse – owners who neglect for important part of the ownership experience may regret their oversight.