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greenness16 07-30-2012 07:56 AM

What are your thoughts on vet insurance?
 
Hi everyone,

I just wanted to ask everyone how they feel about vet insurance, which covers things like injuries, colic, and the like... Basically any non-routine vet treatment. Here in Australia, having it is certainly not the norm (at least in my area) and it can be very expensive - over 1000 Australian dollars. Do you have vet insurance? Have you ever had to use it? Has there ever been a time when you wished you had it?

Thanks! (:

EvilHorseOfDoom 07-30-2012 08:05 AM

I have it and I'm an Aussie. Paying about 70 a month for low excess. I haven't had need for it in the short time I've had it but it's nice to have in case something major like colic happens. It also covers me for carcass removal.

I'll still pay all the smaller bills anyway, this just gives me comfort in the fact that I'll be able to provide Brock a full set of options if something major occurs.
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greenness16 07-30-2012 08:14 AM

Quote:

Originally Posted by EvilHorseOfDoom (Post 1622013)
I have it and I'm an Aussie. Paying about 70 a month for low excess. I haven't had need for it in the short time I've had it but it's nice to have in case something major like colic happens. It also covers me for carcass removal.

I'll still pay all the smaller bills anyway, this just gives me comfort in the fact that I'll be able to provide Brock a full set of options if something major occurs.
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That's kind of my feeling - no way would I be able to pay for colic surgery or something, so if I didn't have it and my horse needed surgery then I would lose my horse for sure. It's expensive, but surely better to have it. However, my previous instructor had a weird view on it - she thought that if the horse got colic or something, then it would be cheaper to have it put down and buy a new one... And I was like, yeah but... :/ She had some weird views about things.

EvilHorseOfDoom, do most people in your area have vet insurance?

I do feel that in the long run it probably won't actually save any money, but I kind of think of it as spreading the cost out.

EvilHorseOfDoom 07-30-2012 08:25 AM

Nobody I know has it. But then they're mostly either struggling to pay the current horse bills and don't see the value, or they're loaded and a few thousand would be able to be covered by their husband or father's income. Most of them have expensive horses though, and have loss-of-use insurance. Vet insurance probably won't save me anything in the long run but I have cover immediately, and if two big problems happen in the same year I don't have to worry about not being able to afford the treatment for the second.

I don't see why a horse should be put down for something it would have a chance of recovering from with proper veterinary care, just because it didn't cost a heap to buy. They're animals, not objects. So I must disagree with your previous instructor!
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LonesomeRanch 07-30-2012 09:27 AM

Not sure how it is there. But goes basic colic insurance its around $150-250 a year here. The cost goes up if you add other surgical coverages of course. There's a deductable with most $100-300. I don't know if this is true, but I was told that after you use it for colic once, they can refuse to renew your policy for the next year. Or if they find the horse has a colic history they can deny you a policy in the first place. I considered it on my gelding, who is 12. Or my pony who is 9, however the one who id be most worried about is 21, and no company out there will cover a horse that age, that I could find. Most have an age limit of 15-17 that I found, here in the u.s. is it worth it? Maybe. The horse that I had colic surgery on was 16, too old to be insured they told me, I paid 3,000 and she didn't make it. So maybe it is worth it, if the horse is younger.
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