If you own a horse, you may ask yourself some frequent questions about horse insurance. There are three basic types of coverage for horse owners: mortality, loss of use, and medical/surgical. These cover the horse against death from an accident or sickness, service failure if injured, and medical/surgical if the horse has colic surgery.

Loss of use and Loss of use coverage

When it comes to horse insurance, you’ll need to understand a few different types of policies. Then, depending on your needs, you’ll want to decide what coverage you want and how much you’re willing to pay.

The amount you’ll pay for loss of usage is generally calculated as a percentage of the insured value of your horse. For example, if your horse has an injury, you may be reimbursed for up to 60 percent of its insured value.

If your horse is injured by another horse or hurt in a vehicle accident, you can get compensation. However, you may be required to pay a higher premium.

Medical/Surgical coverage 

Surgical treatment of colic can be a costly undertaking. In some cases, the costs can exceed the owner’s insurance coverage. Fortunately, there are ways to limit the risk. One option is to opt for Equine Major Medical and Surgical Insurance. This type of policy can provide up to $10,500 in coverage for surgical treatments of colic. It can also cover other medical conditions that aren’t pre-existing.

Another option is to obtain a Full Mortality policy. These policies typically include a free Emergency Colic Surgery endorsement. However, you may have to pay a deductible for each claim. It is generally based on the insured value of your horse, but it isn’t always a fixed amount.

Mortality insurance 

Getting a health insurance policy is the best way to put a dent in your hefty medical bills. It’s not as expensive as you think, and many employers offer a matching match bonus for signing up for new coverage. The perks continue. For a fee, you can get high-deductible plans to cover your bases. Some insurers will also give you free health care insurance if you have a child. Getting a leg up on the competition is an excellent way to ensure a healthy and happy future. After all, no one is perfect. If you or a loved one have a bad day, there’s nothing worse than being left to fend for yourself.