Owning a sport horse can be expensive, as owners not only regularly buy feed, pay farrier costs, buy horse bedding and much more, but also have to consider higher costs such as vet fees. Horse riding is classified as a high-risk sport, so it is strongly recommended that owners and riders take out bespoke sports insurance to cover veterinary fees, medical costs and even legal fees.
‘Sports Horse Insurance’ can help give owners peace of mind and financial security. However, shopping for 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 and choose the best insurance policies for them and the most suitable personalized 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 the horse owner. Here are some factors you can consider when comparing insurance:
the age of your horse
Horse insurers have their own rules for the age of the animal for their standard horse and their insurance policies for veteran horses. As a general rule, sport horses 16 years and older are considered eligible for the veteran category, so they will need a veteran’s policy. The Equine Compare Horse Insurance table shows standard and veteran horse coverage policies based on the age of the horse.
What will your horse be used for?
Sport horse owners have to declare to insurers the level of riding/work that will be required of the animal. This can largely determine the terms of the policy and the cost of coverage. Insurers will be able to place the animal in a category such as unaffiliated, affiliated or competitive; these categories vary between insurers.
The value of your sport horse
Owners can pay anywhere from a thousand pounds to tens of thousands of pounds for a horse, depending on the level of riding and the breed they choose. Insurers base the cost of the policy on the value of the animal. This is why Equine Compare does not show the cost of horse insurance premiums in the results table; there are too many factors to consider. Homeowners really need to get a personalized quote from the company to make sure the insurance is best for their own circumstances. The general rule is that the higher the value of the horse, the higher the insurance premium.
Before opting for a particular policy, it is always important to shop around and request some horse insurance quotes to ensure you get the best deal possible.
Any information included in this article is the opinion of the writer and is not affiliated with any third party.