Sometimes it’s not only a business which needs insurance. Sometimes when you own something valuable you will want to have it insured if you want to sleep at night. For equestrians, there is no difference.
Horse Insurance insures you against the monetary cost which may result from accident or injury to your horse. These include, but are not limited to, a farm and ranch, commercial equine liability, the caring and custody of your animal when you are not around, horse club, horse show and transportation liability. Not only is all that covered but the medical checkups for your horse are covered as well.
This insurance covers a wide array of possibilities; it can even be purchased for the personal ownership of one’s horse as well, making horse Insurance a very well rounded insurance policy to have if you own an equestrian animal.
If someone owns a horse, usually they are using that horse for showmanship or to race. Either way this horse should be making money for someone and be considered a valuable asset. Valuable assets should be insured. You also cannot enter your horse into a show, competition or even a horse race without being covered for some form of liability. This is coverage for any harm which befalls the horse which is not a result of your own mistreatment or misconduct. Of course since animal laws vary from country to country so does the fundamentals of horse insurance.
One can never know when their horse may trip or become lame. If so, this is a loss of income if you are one who uses one’s horse for money-making purposes and business, horse insurance will cover you for the value of what your horse is worth. This is something someone who owns a horse cannot afford to pass up and should be considered even if you own a horse simply for private use.