Among the most basic types of equine insurance coverage, horse owners prefer to get the ones related to mortality & major medical policies. In the mortality insurance, the insurance firm reimburses a fixed amount to the horse owner, in case horse dies and depending upon the rules and conditions of the policy, the horse owner gets full or partial repayment for the horse. The Medical policy includes the costs of the treatment in case of any illness or injury to the horse. Any horse owner can get mortality coverage only, whereas surgical and medical policies are available only in combination with mortality policy.
Mortality policies cover for most causes of death, also includes death, which is due to the natural reasons such as colic as well as the serious injuries due to the accidents, lightning, fire, and other causes. There are also horse insurance policies that protect your horse against any freak accident-taking place with your horse. The age limits vary as per the insurance service provider, and the full mortality coverage is commonly available for the horses as young as 24 hours to 17 year old. Before getting, any Equine Horse Insurance policy you must make sure that you have gone through all of the rules and conditions it holds.
Another main thing to be considered is that equine mortality policy is the amount of coverage you in reality require. You can get the insurance up to 100 percent of the real worth of your horse, but the more costly your horse higher will be the relative payments for the equine horse insurance policy you have taken. The rates mainly depend upon many factors, which include horse's current value, sex, age, breed and discipline.
You can get more idea from the example that if any jumper horse ends career due to injury, the owner can collect up to 60 percent of the total insurance amount. However, it is essential that you be well versed with the conditions as under the terms and conditions, the equine insurance company reserves the right to take up the possession of the horse when the owner has got the settlement claim. In addition, many firms offer two options: a higher reimbursement if owner keeps horse or lower reimbursement if owner keeps the horse.
The medical and surgical policies usually do not cover dental treatment and vaccinations and most of the policies do not cover cosmetic surgeries or any other treatment for congenital or developmental birth defects. In addition therapies for instance chiropractic, magnetic therapy or acupuncture, are not included in the insurance policies, but some firms review these treatments on a case-to-case basis.
For more information, you can use the internet to find the Equine Horse Insurance providing services in your region and can read their reviews online as most of the people post their review online on certain websites.
Source: ArticleTrader.com