Whether a horse is purchased for personal or business reasons, ownership represents a significant investment of time, money and resources.
While no one likes to think about the potential for tragedy, horses seem to be prone to illness, accidents and injury. Should some peril befall your horse, nothing may ease the emotional burden, but wise planning can help reduce the economic impact.
Insurance policies are legal contracts between the underwriter (the company) and the insured (horse owner). While individual policies vary so much from company to company and circumstance to circumstance, it is important to note is that each policy has its own terms, conditions and requirements, which may necessitate action from you, your veterinarian and your insurance company.
To better safeguard yourself and your horse, follow these guidelines from the American Association of Equine Practitioners (AAEP):
Common types of coverage available for horses include but are not limited to:
For more information about equine insurance, ask your equine veterinarian for “Understanding Horse Insurance Responsibilities: Guidelines to Consider,” a brochure provided by the AAEP in conjunction with Bayer Animal Health, an AAEP Educational Partner.
Additional information is available on the AAEP’s horse-health Web site, www.myHorseMatters.com.
The American Association of Equine Practitioners, headquartered in Lexington, Ky., was founded in 1954 as a non-profit organization dedicated to the health and welfare of the horse.
Currently, the AAEP reaches more than 5 million horse owners through its over 9,000 members worldwide and is actively involved in ethics issues, practice management, research and continuing education in the equine veterinary profession and horse industry.
Permission for use is granted with attribution given to the AAEP and Bayer Animal Health.