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Your homeowners insurance may cover your horse, but you should check with your insurance company to confirm this. Liability insurance covers expenses if your horse damages someone else’s property or injures someone. You can’t buy standalone loss of use policies. You usually add loss of use coverage to major medical and mortality policies. The policy will pay you the income you would have received from the horse. Insurance companies usually require a veterinary exam, radiographs and information on the horse and its medical history. These policies usually have extensive underwriting, which is a review process conducted by insurance companies before they issue a policy. Loss of use policies are for horse owners who use horses for income-producing activities like breeding. One important note is that these policies usually don’t cover the room and board costs of staying in the hospital, just the medical costs. You can also find colic surgery policies that only cover colic surgery, which can be expensive. These policies also have annual limits up to $10,000. As the name indicates, these policies cover lifesaving surgeries for your horse. In that case, you may want to buy a surgical-only policy. Or your budget may not allow you to purchase major medical. Some horses may not qualify for major medical coverage. The insurance company reviews the bill and sends you a check to cover the costs according to the terms of your policy. This coverage works on a reimbursement basis - you pay your vet for the care and then send the bill to your insurance company. If your horse’s care costs more than your coverage limit, you’ll be responsible for the additional costs. Policies usually have annual coverage limits ranging from $5,000 to $15,000. Policies also don’t usually cover dental care. They also don’t cover preexisting conditions, elective procedures or alternative therapies like acupuncture. Major medical policies typically don’t cover preventive care, but they do cover unexpected veterinary costs. Policies also cover diagnosing and treating health issues and may cover some aftercare costs. In general, policies cover veterinary care due to accidents, illnesses and diseases. Like health insurance, coverage varies by company, so it’s important to review potential policies carefully to see what’s covered and what’s not. Major medical coverage is like health insurance for people. Mortality insurance typically gets more expensive as your horse gets older. Limited mortality policies cover a percentage of your horse’s value.

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Full mortality policies pay the full value of your horse. This practice varies by company, though.Ĭompanies offer full mortality policies and limited mortality policies. This means that you purchase a mortality policy and then add additional coverage, like major medical, to your mortality policy. Many insurance companies offer mortality insurance as the basis for other types of coverage. It pays you if the insured horse dies due to a covered illness, accident or injury. Mortality insurance for horses is like life insurance for people. You’ll find several types of horse insurance out there. This coverage pays you if your horse can no longer perform the income-producing activities like racing.

In addition to medical coverage, you may also want to purchase loss of use coverage. If you use your horse for breeding or racing, it’s even more important to have the appropriate coverage in place. This coverage protects you if your horse damages property or injures someone. Depending on your current insurance coverage, you may also want to consider liability insurance. Horse insurance ensures that you can make medical decisions based on what’s best for your horse. Who Needs Horse Insurance?Įvery horse owner should consider horse insurance. They may also pay you a percentage of your horse’s value if your horse dies unexpectedly. These policies help to cover emergency medical care for your horse. You’ll also see horse insurance referred to as equine insurance. Horse insurance is an umbrella term that refers to several different types of policies.

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