Insurance
Insurance
Insurance for your horse may seem costly, but soon becomes very cost effective should you need to make a claim! There are many different types of policy available. It is important to shop around to make sure you get the most appropriate cover for your horse. Here are some points to consider before you choose a policy....Consider the type of cover you require.
- Third Party Cover ' this provides essential insurance against damage to other people's property caused by your horse and against personal injury claims.
- All Risks Mortality ' this provides insurance against the loss of an animal that dies or has to be humanely destroyed (e.g. for a badly broken leg).
- Veterinary Fees Cover ' this provides cover for non-routine treatment of your horse.
- Loss of Use Cover ' this provides cover if your horse develops a permanent disability which means he is no longer able to work.
Consider the level of cover ' colic or orthopaedic problems can be expensive to treat.
- £5000 per incident is the recommended level of cover
- Some policies have a limit on how long you can claim for a condition. Some chronic conditions such as arthritis or airway disease will require lifelong treatment and policies that will pay for the life of an animal for a given condition are available.
- Some policies cease to cover a horse over a certain age. Make sure that your horse will be covered as a geriatric.
Consider the excess payable.
- The amount of each claim that will not be paid varies between policies and can be quite large with some cheaper policies.