How to Find the Cheapest Insurance for Your Horse

Cheap horse insurance can be good or bad. A good thing is that it can save some money; A bad thing would be if it were poor coverage or the company were unresponsive. Low payments alone don't necessarily mean the company or the policy is bad. It could mean just the opposite. If companies are run really well and have a very large number of clients. They could have lower rates with superior coverage. In this article, we'll be looking at the different kinds of insurance available and the reasons behind those differences.

Mortality insurance is one type. This, for horses, is similar in concept to life insurance for humans. Although horses are thought of and treated more as property than as living beings. So this type of insurance focuses more on financial reimbursement than on proper burial or disposal of the horse. Often, mortality coverage is available without buying veterinary coverage, but not the other way around as we shall see.

The second type, loss of use insurance, is pretty much what the name suggests. This type of policy reimburses the beneficiary in the event of the horse's loss of ability to perform the function for which it was purchased. This includes physical injuries and age, disease, but not the death of the horse. The criteria for determining this value and payouts and how and when they need to be paid out are the most complex. There are also many options on what to do with the useless animal. Sometimes the insurance company will take possession of the horse, sometimes not. There's no fixed rule.

Another type is medical/veterinary insurance.Very often, animals are euthanized, simply because the owners can't afford the veterinary treatments to recover an injured or sick animal. That is the purpose of equine veterinary coverage. This type of policy is often only created in conjunction with the mortality policy and cannot be obtained without it. It's easy to buy a mortality policy without medical coverage, but not the other way around. It can be done, but it's difficult and rare.

Mortality rates of are 2.5 to 4% of the assessed value of the horse. These numbers represent the total yearly payments for the policy. The value of medical/surgical coverage varies greatly, and is not based on the value of the horse. It is based on other factors such as local veterinary rates and the cost of surgical services. The requirements and formats of these policies are as varied as the companies who create them.

It can all become very complicated, and the best thing to do is consult with several agents and companies to get a feel for what's available as a whole before making any kind of decision on your own.

There's no reason to expect that getting low rates on your insurance means getting poor coverage.

Equine and Farm Insurance - Why You Should Insure Your Horse and Farm

Just as you protect your home and its assets, there are many reasons to insure your farm and its property. While horses represent loved animals among many owners and their families, they can also be large financial investments. From illness and injuries to liability issues, below are the different types of equine/farm insurance and a few reasons why you should consider investing in them to protect your horse and farm:

Equine Health Insurance helps finance surgeries and other major medical expenses. Like their riders, horses can also suffer from unexpected medical issues, and the cost of surgery can be unaffordable. Horse medical insurance will help you avoid a financial burden in the unfortunate event that your horse becomes challenged by medical issues or requires major surgery.

Equine Mortality Insurance can help you cope with the death or theft of a loved horse. The emotional burden that results from the loss of a loved animal is difficult enough to handle alone, so having to worry about suffering a significant financial loss as well will only make matters worse. Although your horse and its sentimental value may never be replaced, horse life insurance will help ease the pain by reimbursing you for the death or theft of your horse.

Farm Liability Insurance is needed to reduce liability risks involved in your horse operation. An equine liability policy is required for activities like boarding, training, horse shows, and riding instruction. Regardless of whether you offer daily riding lessons or occasionally care for a friend's horse, it's important to protect yourself with farm or equine liability insurance.

Farm Property Insurance covers your barn, sheds and machinery associated with the farm. Although farms are often connected to homes, a standard homeowners insurance policy doesn't always cover a barn and its contents. Consulting your independent insurance agent to ensure that your barn and its assets are protected is a great place to start.

Loss of Use Insurance protects against your horse's loss of value. While many people consider their horses valuable friends regardless of their skill levels, a disabling injury suffered by a horse intended to perform in horse shows or races can be financially troubling. Loss of use insurance will protect your horse in the unfortunate event that he/she suffers a disabling injury.

Whether you purchased a pony to fulfill your daughter's birthday wish, or invested in a skilled horse to compete with, there are many reasons to protect yourself and your horse with insurance.

Horse Insurance - Protecting Your High Investment Assets

It's a universal truth that owning a horse is quite expensive, as a horse can cost you thousands of dollars, based on what kind of horse you desire to own and where you purchase it from. There are times when the cheaper horse might turn out to be more expensive, if they lack proper fitness. Thus, it's always better to pay a little more and buy a healthy horse, as it's going to be more beneficial on a long run.

Besides, there are many costs involved like food, vet visits, grooming, transportation, stabling, showing and others. The total cost would add up to anything equal to having a newborn baby in the house. Money is just a part of owning a horse, as there are several things that you'll need to consider for it to survive.

You need to take responsibility of their day to day care, exercises and interaction, which is very important aspect of owning a horse. It is a huge commitment and could become a liability if the owner does not have enough passion for a horse. You need to spend time with the horse right from the pony days, start training and regularly exposing it to riding lessons.

During the training there are possibilities that the horse may incur injury or may damage the property. This calls for having a good horse insurance, which covers you for your valuable animal, serious injuries and loss of property.

You can get yours horses covered by contacting any of the local equine insurers. However, before you choose an insurer, you must make sure the company is government certified, has enough number of experiences and educated staffs in this particular area. You can look for horse insurance policies over the Internet. There are a lot of insurance service providers who offer coverage at a good deal.

There are a variety of horse insurance policies like control, care and custody coverage, which are very popular among the animal owners. Usually, such an insurance policy covers up to $10.000, but has a set limit on the loss of equipments. On the other hand, the most popular and common kind of insurance is the commercial liability policy. This policy covers animal from $300,000 to $1 million of liability.

There is always a portion of the claim that is not covered by the insurer. This amount is called the deductible, which needs to be paid by the owner before the policy is applicable. You'll end up paying less amount of premium every month, if your deductibles are very high and vice versa. Each and every policy has different rules and thus, it is recommended that you do your homework right before buy any insurance coverage.