HORSE INSURANCE
Horse Insurance - Is it worth it? There are as many school of thought about horse insurance as there are horses to insure. We look at some of things to think about if you are insuring your horse. The "is it worth it" question clearly depends on your personal financial circumstances.
Horses, no matter how well schooled, are unpredictable flight animals, and for that reason my personal opinion is that insurance is essential, not just for the horse but for the rider and anyone who might be unlucky enough to be accidentally injured. Some policies will also extend cover to horse trailers and equestrian equipment.
Imagine how awful it would be to be, say, off work without compensation, or to be sued by someone who was injured by your horse. More and more people are willing to sue these days and, if found liable, you would also have to find court costs as well as any compensation awarded
Obviously that's looking on the black side, but the main practical advantages of insurance are not to have to worry about vets bills, other than the standard inoculations etc.
There is always a temptation not to insure, but could you shrug-off a #2500 vets bill?
Riley Henderson makes the point further about Horse Insurance in the article below:
Protecting Our Horses With Horse Insurance
By [http://ezinearticles.com/?expert=Riley_Hendersen]Riley Hendersen
Insurance of all kinds has become endemic in our society today; car insurance,
home owners insurance, health insurance, and everything in between. The role of
insurance in our lives is the protection of our assets. And when it comes to
horse insurance, the goals are the same. For those who own one or more horses,
horse insurance provides them with the same peace of mind as any other insurance
policy.
Just as a serious collector of antique cars would think nothing of purchasing a
comprehensive insurance policy to protect his financial interests, the owners of
horses must similarly protect their interests. Horse insurance policies are
purchased just like any other insurance policy - through reputable underwriters
that specialize in this particular type of insurance. The breadth and subsequent
price of the insurance policy depends on the type and level of coverage that the
horse owner chooses to purchase.
In most cases, horse insurance is purchased because the livelihood of the horse
owner depends on the functionality of the horse. For instance, those horses that
are used for racing or breeding - and subsequently bring their owners a
financial return - are often considered to be prime candidates for horse
insurance.
There are a number of different options when it comes to horse insurance and
each owner must examine the policies as they relate to their particular
situation. Insurance policies can often be customized to fit the owner's
particular situation and needs but there is some common practices standard to
most policies.
One such horse insurance policy includes coverage for the death of the animal.
In this case, the owner receives a pre-determined lump sum payout in the event
of an untimely death of the horse.
In the event of permanent incapacitation, due to injury or illness, the horse
insurance policy will often pay the owner a percentage of the amount the horse
would have earned throughout a healthy lifetime. This coverage is often extended
to race or show horses.
For horse breeders, a horse insurance policy that covers infertility is often
necessary, as the inability to breed particular horses could result in a
significant loss of revenue.
In some cases, owners will purchase a horse insurance policy that acts much like
a health insurance policy for humans, covering major medical care in the event
of illness, and even specific surgical procedures should the animal require
surgical intervention.
There are often caveats placed on a particular horse insurance policy that
extends coverage for injury or death to the horse as a result of particular risk
factors such as lightening or during the transportation of the horse. These are
factors that are spelled out in detail in the policy and are often pricey
add-ons. But, depending on the particular situation, it may be well worth the
cost.
Most importantly, it is essential that anyone interested in purchasing a horse
insurance policy do so through a knowledgeable and trustworthy underwriter. If
you are unclear about a particular company's reputation, you should be sure to
do your homework. Just as you do with any other insurance policy, get a variety
of quotes and comparison shop. In so doing, you can find horse insurance that
makes significant allowances for the care of your horse and subsequently
protects your financial interests.
For more information on horses, try visiting http://www.interestinghorses.com -
a website that specializes in providing horse related tips, advice and resources
including information on [http://www.interestinghorses.com/horseinsurance.html]horse
insurance.
Article Source: http://EzineArticles.com/?expert=Riley_Hendersen http://EzineArticles.com/?Protecting-Our-Horses-With-Horse-Insurance&id=510541
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