User:HihemiHayani
Buying equine insurance Owning a horse can be expensive, with equine owners not only regularly buying equine feed, paying farrier costs, buying equine bedding and much more, they also have to consider higher costs such as vets fees. Horse riding is classed as a high risk sport so it is highly recommended that equine owners and equine riders take out equine insurance and rider insurance to cover potentially large vets fees, medical costs and even legal fees.
Equine Insurance can help to give equine owners piece of mind and financial security. However, buying equine insurance can be daunting, with so many equine insurers offering so many different policies. equine owners can use a good broker to compare equine insurance in order to choose the best insurer for them and the most appropriate insurance policy. The site allows equine owners to view equine insurance policies side by side in a clear and simple table of results. The results can also be filtered according to the needs of the equine and equine owner. Here are some factors you may want to consider when you compare equine insurance:
The age of your equine equine Insurers have their own rules for the age of the equine for their standard equine insurance policies and their veteran equine insurance policies. As a general rule of thumb, equines aged 16 or over are considered to fit into the veteran equine category, they will therefore need a veteran equine insurance policy. The a good broker equine Insurance table shows both standard equine insurance and veteran equine insurance policies according to the age of the equine.
What will your equine be used for? equine owners have to declare to the insurers the level of riding / work the equine will be asked to do. This may greatly determine the policy terms and cost of the equine insurance. The insurers may place the equine in a equine insurance category such as unaffiliated, affiliated or competitive, these categories vary between equine insurers.
The value of your equine equine owners can pay a thousand pounds to tens of thousands of pounds for a equine, depending on what level of riding and breed line they require. equine Insurers base the cost of the equine insurance policy on the value of the equine. This is why a good broker doesn't display the cost of the equine insurance premiums within the results table, there are just too many factors to consider. equine owners really do need to obtain a tailored quote from the equine insurers to make sure that the insurance is the best for their own circumstances. The general rule of thumb is that the higher the value of the equine, the higher the insurance premium will be.
Do you see trouble ahead? equine owners should use their common sense when buying equine insurance, so if you have purchased a quiet cob that is a bit of a plodder, there will be a lower insurance risk than if you were to buy a young Thoroughbred who hasn't been backed yet! You need to judge how much cover you think you will need and add on any extras that aren't covered in a standard policy. For example, some lower priced / basic equine insurance policies don't include cover for vets fees but you have the option to add these on to the equine insurance policy at an extra cost. This would be advisable, especially if you own a 'high risk' equine such as a youngster, you may be faced with a huge vet bill you can't afford to pay if there is an accident or even be sued by a third party if your equine causes damage to them or their property. Please do remember that you never know what's going to happen and you need to get that balance right for not being over insured but ensuring that your equine insurance provides you with a financial safety net that suits your circumstances.
Top Tips for Buying equine Insurance 1) Consider equine insurance policies that cover public liability as this will cover third party claims against your equine.
2) Check the excess for your policy and save enough money to cover that excess if an incident occurs.
3) Check to see if you as the rider of your equine will be covered for dental / medical / disablement in the event of an accident, but be warned this may be limited to accidents involving the insured equine only and may exclude any other equine you come into contact with. See Riding Insurance for a separate riders insurance policy.
4) When you compare equine insurance using a good broker, narrow your results down to a few equine insurers, then click to get a quote, which will be tailored to your circumstances. Check to see if you get a discount for paying by direct debit or paying the premium off in one lump sum.
5) Use a good broker to compare equine insurance each time your policy is due for renewal, its an easy way to find the best deal for you and your equine!
Compare Insurers When you use a good broker to compare equine insurance, don't just look for the lowest premium cost, you need to take into consideration the value for money you are getting within that insurance policy. Take a look at the profiles and reviews of the equine insurers to see how people have rated them in the past, and take a good look at their website to get an overall feel for the type of equine insurer you will be dealing with. Good luck with buying your equine insurance - and before you buy it a good broker it! equine insurance
