Do I need Horse Insurance?

September 20th, 2012

Anyone who has ever owned a horse, or been around horses, would surely agree on how expensive and high-maintenance horses can be. It is not just that horses require a lot of care and maintenance, but there are so many types of incidents related to horses that could lead to injuries and lawsuits on a regular basis! That makes horses a huge liability too.

To secure your investment as horse owners, and protect the public at large, you can start by purchasing insurance. Insurance is a great way for you to protect yourself by thinking ahead.

Can I afford equine insurance?

Contrary to what seems to be a popular belief, horse insurance is not “only for the elite”. It is very much affordable for the any horse owner who owns a horse for small events, shows, casual riding or just the love of horses.

And when you consider the amount of risk you can avoid simply by being insured, buying insurance is in fact a highly cost effective way to manage risks associated with owning a horse. That makes it even more important for the “non-elite” than for those who can afford a sudden unplanned expenditure on account of owning a horse.

How do I go about it?

Buying Equine insurance usually starts with getting a quote based on your situation. For example, to obtain a quote from Petplan Equine, you can simply go to the Petplan Equine Website and request a quote or call 1300 738 225 to get a quote on the phone.

If you are satisfied with the quote and agree with the terms and conditions, then you can accept the policy and choose your preferred method of payment.

It is advisable to thoroughly read and understand the policy documents provided by the insurer before buying it. Most insurers will also provide a 14 day cooling off period, within which you can cancel the policy without any penalty, should you be dissatisfied with the policy.

One Response to “Do I need Horse Insurance?”

  1. Jane says:

    In Australia, many people seem to find it strange that I insure my animals against veterinary bills.

    It’s certainly a big decision to do so, particularly when I do have to watch the dollars, but then that’s exactly the point – I don’t want to be in the position of turning down a veterinary option because I can’t afford it.

    And it’s not only the big accidents you need to cover for – even small problems can involve expensive secondary issues.

    Just one thing though. The sooner the Australian veterinary profession takes pet insurance on board, understanding that they can work directly with insurers instead of asking customers to cover the full costs in the interim, the better!