Medical Coverage
   

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Medical Coverage

This is a discussion on Medical Coverage within the Horse Talk forums, part of the Keeping and Caring for Horses category

     
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        11-17-2011, 06:05 PM
      #1
    Weanling
    Medical Coverage

    I have been thinking about getting medical coverage for Flash, and am just wondering if anyone knows of anywhere to get this, and if you have it, roughly how much do you pay per month?
    I think it would be a great thing to have for my own peace of mind. This way I could be assurred that if he gets colic, or injured, I don't have to worry about forking out thousands of dollars to fix him, or have to put him down due to lack of funds.
         
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        11-17-2011, 06:27 PM
      #2
    Green Broke
    Quote:
    Originally Posted by gothicangel69    
    I have been thinking about getting medical coverage for Flash, and am just wondering if anyone knows of anywhere to get this, and if you have it, roughly how much do you pay per month?
    I think it would be a great thing to have for my own peace of mind. This way I could be assurred that if he gets colic, or injured, I don't have to worry about forking out thousands of dollars to fix him, or have to put him down due to lack of funds.
    It's a good idea but be warned that most policies require a life insurance clause too. That means if your horse need to be PTS you cannot do it until the insurance company says OK.
    A friend had a young horse with congenital bone cysts all over that were only going to get worse. The horse was miserable without drugs & she boarded him. The insurance agency refused to authorize euthanasia stating that the horse would be pasture sound if kept on bute. My friend put the horse to sleep at her cost. IMO she did the right thing.
         
        11-17-2011, 07:05 PM
      #3
    Trained
    I have insurance through Hallmark Equine. The only caveat to insurance is they won't cover the same class of illness twice. For example, if your horse gets Lyme disease, once they renew the policy, they will not cover anything in the neurological category ever again. I also have my insurance just in the event of colic since it would put me in the poor house. The rest is just icing on the cake.
         
        11-17-2011, 07:29 PM
      #4
    Trained
    I actually just got my application for mine. My new trainer is highly recommending it, so I will get it. He told me to use his agent, and if you want his name just PM me. He really was great to talk to and answered a ton of questions. Yes, you have to also carry mortality. I will have to ask him about getting their permission should he need to be PTS. I know I would probably do it regardless, and mainly have it for the medical portion. But, as was already said-they will only cover each thing once. He also doesn't deal in "loss of use" insurance, and pretty much reiterated what my opinion was of that-it is useless.

    Cost wise-I will go with $7500 value on the horse-and it will be $250/yr. Only insurance I ever had on one of mine before was liability......

    I have had health insurance on my dogs-which I felt was useless, in my case. Hope it is better than that. Funny, it is half the price, sort of like the vets. Equine are always cheaper.
         
        11-17-2011, 07:37 PM
      #5
    Green Broke
    Quote:
    Originally Posted by franknbeans    
    Cost wise-I will go with $7500 value on the horse-and it will be $250/yr. Only insurance I ever had on one of mine before was liability......
    Be aware that most insurance companies limit the value of your horse at the purchase price unless you can document increased value due to training, performance records, etc.
         
        11-17-2011, 07:40 PM
      #6
    Trained
    Quote:
    Originally Posted by PaintHorseMares    
    Be aware that most insurance companies limit the value of your horse at the purchase price unless you can document increased value due to training, performance records, etc.
    Thanks. Well aware. He is most likely one of the LEAST expensive reiners they will ever deal with.
         
        11-17-2011, 08:23 PM
      #7
    Weanling
    Thanks guys.
    I spoke with my insurance broker today, and he is going to look around and see if he can find anyone that they deal with who does equine insurance (he said this way it will be slightly cheaper as it will go in the same policy as my car and tenant insurance).
    I am mainly looking for liability and medical. I will have to ask about terms of putting the horse down if need be.
    I never knew about them only covering the same type of illness once though. Another thing to add to my questions to ask when I talk to them.
         

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