10-01-2013, 06:42 PM
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I second looking into insurance policies very closely. I was considering insurance for my horse, and ended up not getting any.
The main problems I encountered were:
- no pre-existing conditions are covered, and as cowgirlnay mentioned, some insurance companies only cover once for any given condition.
- usually (at least here in Canada), the insurance tops out at the value of the horse. So if your horse hasn't been very expensive and / or doesn't have an extensive show record, most of the time the insurance will NOT cover things like e.g. Colic surgery, which is when I'd need it most.
- the monthly rates are very expensive.
I ended up putting $100 a month into a "vet account". If I don't need it, great. If I do need it (and I did in the past), it's there as a financial cushion.