Different Ways to Insure Your Horse

A horse is an important part of anyone’s family. That’s why it’s equally important to have equine insurance. Vet bills can get expensive fast. With horse insurance you won’t have to worry about that.

Why insure your horse?

horse insurance

Even if you don’t have to worry about vet bills, there is still a need for horse insurance. Any damage that your horse does to another person’s property is a liability to you. You run the risk of being sued.

How can a horse be insured?

In the eyes of the law, a horse is a piece of property. Just like a car, you can get liability insurance to cover you. You are legally responsible for any injuries or damage your horse does, even if it’s accidental. With the proper insurance, you could be covered with a legal defense. Your insurance will pay whatever you owe up to the amount of your premium. It is recommended that the minimum premium be $1 million.

What type of insurance is this?

There are generally three types under which horses fall.

·    Homeowners

Renters insurance might sometimes cover horses too. This will only cover you if your horse is used for personal reasons though. There is also a limit of how many horses you can have. Check with your insurance provider for those details.

·    Farmers

The big difference here is there is not usually a limit to how many animals you can have. It still works about the same way as Homeowners insurance though.

·    Private Horse Owner Liability

This is for those who don’t house their horses on their own property. Generally, those that live in apartments would want this. This will protect both you and your horse, on and off your property. Many boarding businesses require owners to carry this insurance. Call your agent for more details.