Having a horse is expensive. If you spend time and money raising a horse for shows, costs are even higher. Think about where you spend your resources. From your home to your vehicles to your family, all of these come with a significant investment. If trouble occurs, losing everything you have put into a big investment can be devastating. For this reason, most people invest in insurance policies to protect their valuables. Owning a horse should not be different.
Costs Add Up
When it comes to buying a horse, you are looking at an average cost of $3,000. Your next biggest expense is boarding the horse. On the low end, the average cost of accommodations for a horse is approximately $4,800 per year. On the high end, annual expenses can run over $9,000. These numbers do not even touch the money that goes to farrier costs, medical bills or transportation.
Insurance Can Fit Your Needs
Horse insurance policies are not one-size-fits-all. Depending on your personal circumstances and preferences, you can choose to invest in either partial or full mortality insurance for your horse. In addition, you have the option to add other kinds of protection to your policy for theft and natural disasters. Whether you need coverage against earthquakes, fires or tornadoes, there are policies to meet your needs. If you have specific concerns, ask an insurance professional for more details when you call around to get a horse insurance quote.
If you are a horse owner, the thought of something happening to your beloved pet might be terrifying. Fortunately, there are security options available to provide some peace of mind if something goes wrong. Maybe insurance seems unnecessary, but consider the investment you put into your horse. Beyond dollar signs, your time is invaluable. The best way to protect that investment is to think seriously about some kind of horse insurance.