How to Find the Best Horse Insurance Policy
In terms of pet insurance policies, getting insurance for a horse can be one of the most expensive animals for owners to cover, as well as buy. However, having a horse insurance policy is vitally important, given the amount of protection it can provide you for your animal if something ends up going wrong.
Whether you are applying for horse insurance for leisure or business purposes, Forces Compare can help you find the best cover and rates possible by comparing policies across the whole of the market in UK.
Our comparison service also includes equestrian insurance and cover for Shetland ponies too. Compare pet insurance today with Forces Compare.
Before we compare horse insurance policies that are available, it is worth taking into consideration the kind of cover you will require for your horse.
What Can Horse Insurance Cover?
A horse insurance cover can cover you for many of the things you would receive financial protection for in a typical pet insurance policy. This can include:
- Public liability insurance
- The death of your horse
However, it is important to note that basic horse insurance policies do not tend to include as standard vet treatment fees. Therefore, if this is the kind of cover you are looking for, always make sure this is included in your policy.
You can get cover for:
- Death or personal accident: if you or another ride of your horse dies, or suffers loss of sight, limbs or disability due to a riding accident.
- Stable cover: if the horses stable is damaged or completely destroyed by a fire, you can claim for the cost of keeping your horse elsewhere.
- Permanent loss of use: if your horse becomes ill or has an accident that means it is no longer possible to ride them.
- Saddlery and tack: if your riding saddle or tack are accidentally damaged lost or stolen you can recover the costs.
Choosing the Right Level of Horse Insurance Cover
When you are looking at equestrian insurance policies, you will be required to tell your insurer the activities you use your horse for, as many policies fall under two types of categories:
- Group one: for horse activities such as show jumping, dressage, showing and riding club events
- Group two: includes activities in group one as well as things such as cross country, horse ball, vaulting, events and hunting.
Horse Insurance FAQs
Do I need to declare if I use my horse for activities in group two? Yes, if you plan to use your horse or pony for any of the activities that have been listed in the group two horse insurance category, then you will not be fully covered in the event you need to make a claim.
Is it possible to insure a veteran horse? Yes, but it depends on the insurer. Some insurers stipulate that they will only provide cover for horses up to the maximum age of 15 years old.
Is it a legal requirement to have horse insurance? No, it is not a legal obligation but it is highly recommended, given how expensive looking after a horse can be. However, if the horse is used for commercial reasons (for example, at a riding school) you will need to have an insurance policy in place.
Are horse trailers covered by this kind of insurance? No, but it can be possible to add this to a horse insurance policy, as it does not come as standard.
How much cover can I get for the permanent loss of use of a horse? In the case of a permanent loss, you will typically be insured for the purchase price or the current market value of your horse, up to a specified limit (such as £12,000).
Will I need to pay an excess for a horse insurance policy? Yes, if you need to make a claim for you or your horse, it is usually the case that you need to pay an excess for the first part of the majority of claims made.
How much is the average excess for a horse insurance policy? In most cases, you will need to pay approximately £75 in excess. However, this can be higher as the cost can vary, depending on what it is you are claiming for.
Can I get horse insurance if my horse has a medical condition? You will find that many insurers will exclude any pre-existing conditions from your policy. Nevertheless, do not be tempted into falsifying any pre-existing medical conditions, as it could cause your insurer to turn down all future claims too, even if unrelated.
How do I make a claim on my horse insurance policy? You will usually need to send a claims form directly to your insurer with supporting documentation of the injury or incident.
How much cover should I look for with public liability insurance? It is usually recommended that with public liability insurance (also known as third party insurance) you look for a policy that provides you with cover for at least £1 million.