My fancy show hunter from when I was younger was insured and it covered major vet bills and colic surgery...meanwhile we never thought to insure my other horse because, while I loved him and he always did well for me, was not worth a lot in monetary value. He was a trail horse we plucked out of a field and said "here, jump this." We had a lot invested in my big hunter so we saw the insurance as being potentially useful. It is more of a preference thing. Most show horses I know are insured.
Colic surgery is very expensive, I know first hand. My horse I recently sold had to have it. At the end of it my vet bill was $8,000, and that is the inexpensive end of the range because they didn't have to remove anything. Had I had him insured, it would have covered most, if not all of the surgery costs. Most equine insurance policies don't cover typical vet visits, just major medical and colic.
Last edited by countercanter; 07-31-2013 at 12:44 PM.