Horse insurance provides financial protection for horse owners and can provide re-assurance that funds are available to meet the costs of veterinary treatment should your horse need major treatment or surgery.
There are a wide variety of horse insurance policies available to cover against:
- Theft or straying
- Death of the horse
- Veterinary fees
- Loss of use
- Theft of tack
- Public liability
Veterinary fees insurance policy can vary considerably and it is important to check the total sum available as some policies only have a £3,500 limit which may be insufficient for major surgeries. Some policies will offer a higher excess in exchange for a lower premium and many offer cover for complementary therapies.
Loss of use cover protects against your horse being permanently incapable of the purpose for which it is insured. The policy will usually pay a percentage (50-100%) of the total sum insured when a horse is diagnosed with a condition from which it will not recover. Cover is usually available from 30 days of age and many insurers now offer geriatric horse policies which may have reduced cover. The level of premium will usually vary with the value of the horse, activities for which the horse is used and type of cover desired. If your horse has had previous problems, e.g.: laminitis, then insurers are likely to exclude conditions relating to that pre-existing condition. It is important to remember that if your horse is treated for a condition that this may be excluded from future policies even if the insurers were not notified at the time.
Public liability insurance is often a feature of membership of organisations such as the British Horse Society, Riding Clubs etc. but it is prudent to check the details of this cover as sometimes you are covered only whilst doing riding club activities for example. We do not recommend any specific company and deal with all major insurers. As with all forms of insurance, it is often worthwhile comparing the cover on offer from the various companies to find the one that best meets your needs.