Buying health insurance for your horse can be confusing. There are a lot of factors that come into play. For example, the cost, exclusions, and mortality coverage. You should be aware of each of these before buying a policy.
All-Risk Mortality Policy Insures Against Loss from Theft.
A full mortality or all-risks mortality policy is a great way to protect your horse’s investment. Not only will you be reimbursed for the cost of your horse’s funeral, but you will also be able to sleep well at night knowing that your pooch is well protected. Consider a full mortality or all-risks mortification policy to protect your investment from theft. For a horse owner, the risk of theft is real and should be considered a top priority. Fortunately, insurance providers will be glad to help you out. They’ll even tell you which ones are best for you.
Loss of Use (or Permanent Disability)
An equine insurance policy or health insurance for horses can help keep your veterinarian expenses in check. Getting an insurance adviser to ensure you have a comprehensive coverage package is also a good idea.
One way to accomplish this is to choose an equine insurance policy specifically designed for your horse breed. Consider adding an endorsement to your existing insurance policy to cover your horse’s needs. Some policies cover the cost of treating certain illnesses, such as lameness, and provide an additional bonus of coverage for your horse’s death. The most important part of any equine insurance policy is the coverage that protects your horse from certain risks. Some of these risks include injury, theft, and accidental death. In addition to protecting your horse, some insurance companies offer optional upgrades to help keep your premiums in check. One of the more expensive options is a full mortality policy. A full mortality policy is a life insurance policy that pays out on the death of your horse. While the name implies that it covers a horse’s demise, it also covers your horse’s life from its birth.
Exclusions from Mortality Coverage
Purchasing horse health insurance can help ease the financial burden associated with your horse’s death. However, you should be aware of any exclusions that may apply. Some companies will nullify your policy if you do not report your horse’s medical history or do not undergo proper medical treatment. Some companies require veterinary examinations and a death certificate before a horse is covered. Other companies will require a copy of your horse’s medical records. Exclusions may also apply to pre-existing conditions. Some policies will exclude injuries that have not healed and injuries that begin after a specific date. Other policies will not cover alternative therapies. Some policies will also exclude routine vaccinations and deworming. Other policies do not cover hospitalization costs. These exclusions can be removed on a case-by-case basis. The majority of policies will also exclude elective surgeries. However, some companies will review alternative therapies on a case-by-case basis.
Getting a good price on horse health insurance can be difficult, and not all companies are the same. The cost of your policy will vary, depending on the type of policy you choose and your deductible. To get the best price on your equine health insurance, compare horse insurance quotes from several companies. You can do this by researching online or talking to an insurance agent. The agent will be able to find the best deals for you. A major medical policy for horses is designed to cover the cost of treatments for illnesses and injuries during the policy period. It can also cover the cost of diagnostics and surgeries. Major medical policies also cover veterinary prescriptions, medication, and visits to the veterinarian. It will not cover euthanasia.