Originally Posted by PaintHorseMares
I'm sure you'll get a lot of opinions about horse medical and mortality insurance. We are strictly pleasure riders and have low maintenance horses. Instead of paying for insurance, we have chosen to have a 'horse account' where we set aside $$s for their care including what we would have paid for horse insurance, and can cover medical emergencies or the cost of replacing a horse.
I do both :) I have a savings account specifically for animal emergencies but it's shared between my horse and my dog. Lots of surprise vet costs won't be covered by "major medical" so it's always good to have that!
My horse is totally "valueless" but I have him insured for peace of mind. I want to be able to do anything and everything I can to save my friend without having to sell the car or go into debt. I sincerely hope I'll never have to use it but it fits reasonably into my monthly budget so it's something I choose to do.