Owning a sport horse can be expensive, with owners not only regularly buying feed, paying farrier costs, buying horse bedding and much more, they also have to consider higher costs such as vet’s fees. Horse riding is classed as a high risk sport so it is highly recommended that owners and riders take out tailor made sports insurance to cover potentially larger vets fees, medical costs and even legal fees.
‘Sports Horse Insurance’ can help to give owners piece of mind and financial security. However, buying this type of insurance can be daunting, with so many insurers in this area offering so many different policies. Owners can use ‘Equine Compare’ to compare policies in order to choose the best insurer for them and the most appropriate customised and tailored insurance policy. The site allows owners to view policies side by side in a clear and simple table of results. The results can also be filtered according to the needs of the horse and horse owner. Here are some factors you may want to consider when you compare insurance:
The age of your horse
Horse Insurers have their own rules for the age of the animal for their standard horse and their veteran horse insurance policies. As a general rule of thumb, sports horses aged 16 or over are considered to fit into the veteran category, they will therefore need a veteran policy. The Equine Compare Horse Insurance table shows both standard and veteran horse cover policies according to the age of the horse.
What will your horse be used for?
Sports Horse owners have to declare to the insurers the level of riding / work that the animal will be asked to do. This may greatly determine the policy terms and cost of the cover. The insurers may place the animal in a category such as unaffiliated, affiliated or competitive; these categories vary between insurers.
The value of your sports horse
Owners can pay a thousand pounds to tens of thousands of pounds for a horse, depending on what level of riding and breed line they choose. Insurers base the cost of the policy on the value of the animal. This is why Equine Compare doesn’t display the cost of the horse insurance premiums within the results table; there are just too many factors to consider. Owners really do need to obtain a tailored quote from the company to make sure that the insurance is the best for their own circumstances. The general rule of thumb is that the higher the value of the horse, the higher the insurance premium will be.
Before opting for a particular policy, it is always important to shop around and ask for a few horse insurance quotes, to make sure you end up with the best possible deal.
Any information included in this article is the opinion of the writer and not affiliated with any third party
