How to get a pony insured? - Page 2 - The Horse Forum

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post #11 of 14 Old 05-26-2008, 08:23 PM
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I'm in the process of insuring my pony since I'm about to lease him out. He's not worth a $*(#&%load :) but he's worth a decent amount and I felt that it would be best since someone else will be riding him. It's really not that expensive so I'd rather have him covered in case he well, dies, and in case he needs any kind of surgery. I'm going through a company called Equi-Sure (most of the horses at our barn use it) and if you are a member of USEF you get a discount.

You start off with a base rate for mortality/theft that's dependant on the cost of your horse and then you add 'options' on top of that. For my $10,000 7y/o pony it's $375. On top of that I'm getting what's called "major medical and and surgical coverage". Basically pays for vet fees for injuries, surgery, accidents, etc up to $10,000. That's another $300. A cheaper option would be "emergency surgical coverage", which is for life saving surgeries like colic, and pays up to $2,500 (Option A: costs $98) or $7,500 (Option B: $150)depending on what option you chose. The total for my horse is like, $675 for the year with my USEF discount. He's going to be traveling to a lot of shows and he jumps quite a bit so I figured it was worth it. If your horse is ridden mainly for pleasure you'd probably be fine with mortality/theft and then just emergency surgical for accidents/colic.



***ok, for some reason when I write out the price for Option A it keeps putting a smiley face in there! It's ninety-eight dollars. :) Not $9:)
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post #12 of 14 Old 05-26-2008, 08:26 PM
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Quote:
Originally Posted by Amanda7289
Thanks. =]

Do you have an opinion on what types of horses should be insured? I don't really think it's necessary to have my pony insured as he's not worth that much, but it makes me nervous thinking of all of the things that could happen to him.
It's probably not necessary to have your pony insured, but it's nice to know that in case he colics or something you won't have to shell out like, $10,000 to pay for his surgery. My horses are all investments and a part of my business (i'm a trainer) so it's important to me to get my money back in case something horrible happens! Truthfully, if I had a horse to keep I probably wouldn't insure it unless it was worth a heck of a lot and traveled/showed a lot.

If you want to look around at different rates I'd pick up a copy of Practical Horseman or some kind of magazine. There are tons of companies listed in the back of those.
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post #13 of 14 Old 05-26-2008, 08:45 PM Thread Starter
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Quote:
Originally Posted by upnover
I'm in the process of insuring my pony since I'm about to lease him out. He's not worth a $*(#&%load :) but he's worth a decent amount and I felt that it would be best since someone else will be riding him. It's really not that expensive so I'd rather have him covered in case he well, dies, and in case he needs any kind of surgery. I'm going through a company called Equi-Sure (most of the horses at our barn use it) and if you are a member of USEF you get a discount.

You start off with a base rate for mortality/theft that's dependant on the cost of your horse and then you add 'options' on top of that. For my $10,000 7y/o pony it's $375. On top of that I'm getting what's called "major medical and and surgical coverage". Basically pays for vet fees for injuries, surgery, accidents, etc up to $10,000. That's another $300. A cheaper option would be "emergency surgical coverage", which is for life saving surgeries like colic, and pays up to $2,500 (Option A: costs $98) or $7,500 (Option B: $150)depending on what option you chose. The total for my horse is like, $675 for the year with my USEF discount. He's going to be traveling to a lot of shows and he jumps quite a bit so I figured it was worth it. If your horse is ridden mainly for pleasure you'd probably be fine with mortality/theft and then just emergency surgical for accidents/colic.



***ok, for some reason when I write out the price for Option A it keeps putting a smiley face in there! It's ninety-eight dollars. :) Not $9:)



I'm not a member of the USEF or any other org., so I wouldn't get any kinds of discounts. My pony jumps a lot. He probably won't be shown very much, but he jumps at home. The person leasing him will only be able to jump when she is taking a lesson and they jump less than 2'. I was told that I could have them insure him, but I don't want to ask them to do that. =/

So, I paid $2,000 for my pony, but he's definitely worth more than that. I would say he is worth at least $6,000, if not more. But don't you have to have them appraised if you're saying they're worth more than you paid??
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post #14 of 14 Old 05-27-2008, 09:39 AM
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This is the company I use. http://www.kaycassell.com/
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