- Breeding
- Cookies With a Clue For Your Horse
- Relive Southern Eighths/Nikon Three-Day on YouTube
- The History of Horse Breeding
- Buying a Horse
- How to Buy Horses: A Step by Step Process
- When Good Gaits Deteriorate
- What do do when the Panic is On to keep our Horses Safe!
- General Horse Articles
- The Scoop on Protein
- Using Anti-Discrimnation Laws to Find the Best Employees
- Working in the Horse Industry
- Horse Feeding
- Cookies With a Clue For Your Horse
- Calcium - More than Just Bone
- Essential Fatty Acids – The Functions and Benefits in Horses
- Horse Grooming
- eZall Shine & Detangler Transforms Ratty Manes and Tails Into Flowing Tresses
- Keeping Your Horse Beautiful with Horse Products
- When Dealing With Horses Get It in Writing - Sign Up for May 16 FREE Webinar
- Horse Health Issues
- Bulging Out and Falling In
- The Truth Behind Bran Mash - Its Uses & Disadvantages
- Sleep and Your Horse’s Health
- Horse Training
- It's Hard to Get Back to Basics When You Haven't Been There To Start!
- Ask Chelsie Natural Horsemanship - What Does It Mean To Disengage My Horse?
- Equine Experts Send Us Your Best Tip - Win $750 Worth of KAM’s Healthy Horse Products and More
- Horses & History
- A Brief History of Horse Breeding
- The Missing Equine Link: How the Modern Horse Came to Be
- When Dealing With Horses Get It in Writing - Sign Up for May 16 FREE Webinar
- Horses & Sports
- Healthy Horse Boutique Supports Haddad Staller In Her Olympic Quest
- ELITE DINING AND HOSPITALITY CLUB TO DEBUT AT 53rd WASHINGTON INTERNATIONAL HORSE SHOW
- In Defense of Horses in Sport
Do you need insurance for horses?
05/03/2010 - By Don Blazer
If you are a horse owner, or you have a horse business, it's a good bet you need insurance. The question is what kind, and what should you ask to know if you are truly covered?
If you’re a horse owner, a horse business owner or both; you need insurance.
For the business you may need commercial general liability, an umbrella liability policy and “care, custody and control” coverage.
As a horse owner, you may want mortality and theft, or something to cover colic and non-elective surgeries as well as major medical for accident, sickness or disease. If you are in the breeding business there is coverage for stallion and mare infertility; if you are showing, you may opt for a “loss of use” (the function insured must be named) policy.
Whatever you are considering, you must weigh the costs against the risks against the possible losses.
If you are in business, the risks are high that sooner or later there will be a claim; be prepared.
If you’re not in business, then a horse is not an investment, he’s a liability…still, you may wish to insure for his “value” and you may wish to protect yourself against a claim by having a “liability” policy.
The keys to getting good coverage at a fair price: Rating, Reputation and Exclusions.
The rating of the company is, in a sense, its ability to pay a claim. Don’t accept a policy from an agent whose underwriter has a rating less than “A+”.
Check a company’s reputation by talking with other horse owners; if they’ve had a problem, they’ll be delighted to tell you. Your relationship with any company will be great as long as you pay the invoice and there is no claim; problems do develop when you make a claim, and you don’t want problems.
When you buy a specific policy you expect specific coverage. But often it is more important to know what is being excluded than what is being covered. Make the company provide a complete listing of the “exclusions.” Ask for the “exclusions” to be separated out of the policy so nothing is missed.
Now comparison shop! (Insurance is covered in more detail in the online course: Legal Aspects of Horse Management at www.horsecoursesonline.com)
