Why do you need horse insurance?
Owning a horse can be a huge financial undertaking, and whether your animal is a beloved pet or a business venture it makes sense to protect your investment. Horse insurance may not be a legal requirement but it’s advisable to invest in a suitable level of cover – if the unexpected should happen then the costs can be devastating, but with adequate insurance in place you can be confident that everything is under control.
There are plenty of things you need to be prepared for when it comes to horse ownership, because if your horse was to be involved in an incident that caused unexpected costs you’d be held liable. It’s for precisely this reason that you need to invest in adequate insurance – those costs could quickly add up, and whether your horse caused a traffic accident or kicked out at someone you could be facing hefty compensation claims. But, you also need to be prepared for any unexpected veterinary bills or any additional costs should the worst happen, and having adequate insurance in place will help ease the financial burden.
Features to include in your policy
There are a number of different features you might like to include in your policy depending on your circumstances and budget, and here are just a couple that should be at the top of the list:
• Public liability cover. This should always be considered as it will protect your finances against any third party claims, and considering the litigious nature of our society it makes sense to be prepared.
• Cover for veterinary fees. Vet bills can be incredibly expensive particularly with an animal of this kind, and for many owners paying those costs can often be difficult. That’s why it’s advisable to be insured for any medical treatment to ensure you don’t get a nasty shock when the bill arrives, giving you the peace of mind you need during an already difficult time.
Of course, if you’re insuring your horse you’ll probably want to incorporate cover for the rider too, making personal accident cover an important addition to any policy. This can be extended to include anyone riding or even handling the horse to ensure complete protection, putting your mind at ease no matter who’s involved. Make sure to consider the cost of any essential equipment as well – it’s often wise to include cover for saddlery and tack should theft, damage or vandalism occur, and you’ll also want to look into the option of cover for any horseboxes and trailers to ensure everything’s taken care of.
It doesn’t have to stop there either, and there are a number of additional features that you might like to consider depending on whether your horse is solely used for leisure purposes or has more financial importance. Permanent loss of use can be a valuable addition should the horse be unable to continue with its insured activity, and although not nice to think about, it’s important to be prepared for the death of the horse too – you can often have a policy extension that can be put towards the cost of removal, burial or cremation, offering valuable financial backup during a difficult period.
The importance of seeking the specialists
As you can see from the number of considerations you’ll have to make, arranging horse insurance isn’t always easy. The sheer range of choice on offer and the number of different policy features means it’s vital that you speak to specialist insurance companies – you need a policy that can give you the exact level of cover that you need but it’s also good to know that you’ve got experts you can call on to provide additional support, and they always need to be able to offer bespoke policies that can be built around you. This ensures total protection yet also means you’re only paying for the cover you require, so always discuss your needs thoroughly with your insurer to make sure you’re left with the perfect policy.
How to find the quotes that you need
The best way to source potential quotes may be to head online. This will make things far easier as you’ll be able to do your research at a time that suits you, and the number of different companies out there means you’ll soon find one that could meet your needs. You’ll want to search based on a combination of your budget and the features you want to include, and always remember to compare the options if you want to find a good deal – it’s only by performing comparisons that you can be sure you’re making the right decision, because it’s vital you’re left with a policy that offers an adequate level of cover at a price you can afford.
But, getting the right cover doesn’t mean you have to spend a fortune, because if you spend the time to look you’ll soon see where savings can be made. Different insurance companies will be able to offer different features and as such will have different prices, so always see what’s out there and you’ll soon find the deal that is right for you. Make sure to look for added discounts as well if you want to save even more, and if you insure more than one horse under the same policy you’ll often be able to enjoy even better savings – that’s why researching is so important, because if you spend the time to look you’ll soon be able to track down some great deals.
Have peace of mind and protect your horse at the same time
It’s never nice to think of the unexpected happening, but it’s important to be prepared for anything that could come around the corner. Your horse deserves that extra protection and so does your bank balance, so make sure to invest in adequate horse insurance and you can have the peace of mind you need that you’re doing the best you can for your animal.