Equine Mortality Insurance Offers Horse Lovers Peace of Mind

Just as you insure your car and home, there is another valuable asset you should consider protecting with insurance - your horse. As a horse owner, you likely have experienced the personal rewards that caring for a horse brings, but it's important to ask yourself whether the loss of your loved animal would create a financial burden for you and your family. Equine mortality insurance guarantees that the significant time and money you have invested in your horse will remain protected.

What is it?

From equine liability to farm property insurance, there are many types of insurance applicable to horse and farm owners. Equine insurance is the type of coverage that functions as a life insurance policy for your horse. Protecting against perils such as lighting, fire, colic, fractures, transportation, artificial electricity and theft, this insurance reimburses you for the death, theft, or humane destruction of your horse. In the unfortunate event of your horse's passing, resulting directly or indirectly from an accident, illness, or disease, insurance will provide coverage.

The Importance of Investing in Equine Mortality Insurance

Although your horse and his/her sentimental value may be irreplaceable, the importance of insurance lies in its ability to help ease the pain involved in the death or theft of your loved horse by guaranteeing financial stability. Considering the emotional burden that results from the loss of a loved animal, it would be devastating to suffer from a financial disaster as well. A simple, affordable and accessible solution, equine insurance protects you from the possibility of financial devastation resulting from the loss of your horse.

Determining the Horse's Insurable Value

Since equine mortality provides coverage for your horse's life, you may wonder, "How does an insurance company determine my horse's value?" Your horse's insurable value is based on the actual cash value at the inception of the policy. This value may be substantiated by way of the purchase prize, performance records, prize winnings, value of your horse's offspring, stud fees, or appraisal by an authenticated professional. It's possible to increase the value of your insured horse during the policy year, provided that you show documentation to prove the increase in value, as well as your horse's current health information. Loss of profit, replacement cost and sentiment are not accepted as part of this insurable value. When determining the cost of the premium, this insurable value, along with your horse's age, breed and use, represent significant factors.

Is My Horse Eligible?

Fortunately for horse owners, the eligibility requirements for insurance are quite flexible. Horses as young as 24 hours and as old as 20 years qualify for this type of coverage. Considering that your horse must be sound, healthy, and capable of performing his/her intended use to be eligible for equine mortality insurance, a Veterinary Certificate or Owners Statement of Health must accompany the owner's application.

Pet Care Insurance - Put Your Pet First   Vital Information About Pet Insurance   Got A Pet? Read Why Pet Insurance Is So Important For Your Pet And Your Finances   

Understand The Nuts and Bolts of Pet Insurance

What is pet insurance? Knowing you have protection for your pet for medical problems. Finding the right plan to suit your budget and your needs is important. Different plans are available; researching them is the best way to figure out if Pet Insurance is right for you. Pre-existing conditions, and common conditions in older dogs and cats, may not be included. Having an extra savings on the side is wise planning. It is best not to wait until something bad happens, have insurance in place, or an alternative savings plan, in the event of a pet emergency.

If you decide that Pet Insurance is not for you, start a savings fund. If you have an emergency, you will be prepared for the medical needs of your pet. Emergency Clinics are expensive, many charge by the hour! Medical bills run up quickly! Even if your pet is fortunate enough to have a healthy life, they get older, things happen, and they will need care. Start a savings as soon as you can. Care Credit is a service that can be of help for a family facing a pet emergency. You will have to apply for it and be approved. Once approved, you may find that the interest is very high. A better plan is to have Pet Insurance or a savings fund in place ahead of time.

Weigh your options carefully. Pet Insurance has its advantages and peace of mind. They also have deductibles and exclusions you should be aware of. Monthly payments, what is or is not covered, payout limits, pre-existing conditions, are some of the things you should be aware of. Going without insurance and having a savings plan also has its choices. There are no rules to follow, but you alone are responsible for your pets healthcare needs. You should be making a regular deposit into an emergency healthcare fund for your pet. Part of being a responsible pet owner is being prepared for the worst, and praying for the best. Having a savings fund or Pet Insurance can take away the worry and give you the assurance that you will be prepared.

If you decide Pet Insurance is right for you choose skillfully, call them on the phone and ask questions. Compare them to other companies. The internet makes this easy to do. Get the best coverage for your pet and your pocketbook! If you choose not to purchase insurance, please do start a pet savings fund. It is never a good situation when you are facing pet healthcare problems. You need to be able to focus on your pet, which needs you, and make good decisions for them. Decisions about quality of life are hard enough without the added worry of how you are going to pay. Huge medical bills can be devastating. Trying to get a loan in a hurry or with high interest is not the ideal way to care for your pet and can be very stressful. Be prepared by purchasing Pet Insurance or put a savings plan in action now!

Pet Care Insurance - Put Your Pet First   Vital Information About Pet Insurance   Got A Pet? Read Why Pet Insurance Is So Important For Your Pet And Your Finances