Horse Insurance - The Horse Forum
 4Likes
  • 3 Post By PaintHorseMares
  • 1 Post By beau159
 
LinkBack Thread Tools
post #1 of 6 Old 01-28-2015, 02:15 AM Thread Starter
Weanling
 
Join Date: Jan 2013
Location: Idaho
Posts: 366
• Horses: 1
Post Horse Insurance

My horse is worth around $2000, well the world to me but...
My horse is not insured, I haven't found the time to do the research.
All of you out there that love your horses more than anything, do you have insurance? Should I kick it into high gear and get insurance or??
Pros and cons?

Suggestions for insurance providers?

Thanks!
LyraFreedom is offline  
post #2 of 6 Old 01-29-2015, 06:43 AM
Trained
 
Join Date: Apr 2008
Location: Orange County, NC
Posts: 6,303
• Horses: 5
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.
PaintHorseMares is offline  
post #3 of 6 Old 01-29-2015, 10:15 PM
Trained
 
Join Date: Jul 2011
Location: Portland, OR
Posts: 5,323
• Horses: 1
I bought my horse right around the time that DH and I bought our house, so our reserves were very low. I opted to get mortality at that time just in case, but once we had our emergency fund built back up to a comfortable level I didn't renew the policy. I think insurance is great when you might not have the cash on hand to cover an expensive mishap or colic surgery, but not really necessary if you have saved a good sized cushion of money for things like that. Depending on your policy, it might be useful for smaller mishaps (several hundred dollars). Fortunately, my horse doesn't seem to be overly accident prone and I never had a vet visit that cost more than the deductible on my policy.

The horse is a mirror to your soul. Sometimes you might not like what you see. Sometimes you will. - Buck Brannaman
"Nothing forced can ever be beautiful." - Xenophon
verona1016 is offline  
post #4 of 6 Old 02-19-2015, 10:26 AM
Trained
 
Join Date: Dec 2009
Location: Iowa
Posts: 6,082
• Horses: 0
You can't get medical without also getting life insurance. I don't think they will insure a horse unless it is worth a bit more. Some companies won't insure unless it's valued at 15k and others will do less.
churumbeque is offline  
post #5 of 6 Old 02-19-2015, 10:33 AM
Trained
 
Join Date: Oct 2010
Location: North Dakota
Posts: 7,336
• Horses: 3
Last year I decided to insure my horses for the first time. I just did a mortality plan that also had $5,000 coverage for emergency colic surgery.

Basically in my research at the time, it is VERY expensive to have major medical on a horse. Even though I have Red valued at $10,000, it was not worth the $$$ to me to do major medical, for how much it would cost. The mortality/colic plan was quite reasonable though.

It is up to you if you want to insure a horse or not. I currently have my coming 4-year-old insured for $2,500 but I will be increasing that as his training progresses.

There is no one value when you should insure your horse. It just depends on what YOU can or cannot replace.

If your horse would pass tomorrow, do you have $2,000 to replace her with another? Or do you want the insurance money to help? That's the decision that only you can make.

In my situation, it's not worth the yearly premium to do medical insurance on a $2,000 horse ... or even my $10,000 horse. Again, but that's up to you to decide, but it is quite expensive. Another thing to keep in mind is that insurance companies DO care if your horse has a pre-existing condition. That's one of the reasons why I decided to insure my colt now while he is young and has no problems; he'll never have a "pre-exisint condition" because I'm never going to lapse the coverage.

I researched a lot of companies and I went with Horizon because they gave me the best rate and also the highest emergency colic surgery amount.
Woodhaven likes this.

∞*˚ Βгįťţαňγ ˚*∞
It is not enough to know how to ride; one must know how to fall.
beau159 is offline  
post #6 of 6 Old 02-19-2015, 10:48 AM
Green Broke
 
Join Date: Jan 2014
Location: Ontario Canada
Posts: 2,682
• Horses: 0
We have fire and lightening ins. with the farm policy. I don't insure any horse for medical or life. As others said I have money set aside for emergencies and a specific amount that I will pay.
One thing I do have and think it is very important is liablility insurance. I have it on the farm policy and also through my Ont Equine membership.
Woodhaven is offline  
Reply

Tags
insurance

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the The Horse Forum forums, you must first register.

Already have a Horse Forum account?
Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

New to the Horse Forum?
Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.



User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Old Thread Warning
This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
Horse insurance? Animallover707 Horse Talk 1 02-25-2013 03:02 PM
horse insurance? Calming Melody Horse Health 2 06-10-2012 08:48 AM
Horse insurance LuvMyPerlinoQH Horse Breeding 2 07-12-2011 06:59 PM
Insurance for your horse. AlexS Horse Talk 7 09-30-2010 08:25 AM
Horse Insurance Team Penner Horse Health 2 11-16-2009 12:03 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome