Join Date: Apr 2008
Location: Orange County, NC
I assume that you are asking about medical insurance, not mortality.
This is a very personal decision that each person must make that revolves around a practical, financial decision about how much you are willing, or able, to spend on a sick or injured horse and the horse's potential quality of life, and not how special the horse is to you. It is helpful to make a decision about this now, before an incident occurs (hopefully never), rather than having to decide in the emotion of the moment.
All our horses were purchased for between $500 and $3500. We do not insure our horses (our 19 and 20 year mares are too old to be insured anyway). Instead of paying for insurance, we set aside $$s every month in an emergency savings account. We have also set a limit for care. In our case, we first draw the line at having to trailer to the vet school. If our vet can treat the horse on our farm, we'll do it. If not, and it's life threatening or the horse's quality of life will be poor, we'll (very sadly) put the horse down.
On the sixth day, God created the Quarter Horse.
On the seventh day, he Painted the good ones.