Equine insurance costs vary significantly based on factors such as the horse’s age, breed, use, value, and the specific coverage sought. For example, mortality coverage for a young, healthy pleasure horse will typically be less expensive than full mortality and major medical coverage for a valuable show jumper. Policies can range from a few hundred dollars annually to several thousand, depending on these variables and the deductible chosen.
Protecting horses through appropriate insurance coverage provides financial security for owners in the event of unforeseen circumstances. Historically, horse ownership carried inherent financial risks associated with illness, injury, theft, and mortality. Modern equine insurance mitigates these risks, allowing owners to make informed decisions regarding veterinary care and other essential services without the sole constraint of immediate out-of-pocket expense. This can ultimately improve the horse’s welfare and long-term prognosis.