How to Choose the Right Horse Insurance Policy
Whether you are a farmer who uses a horse to aid in the operation of your farming business, or the owner of an equine breeding operation, it’s likely that you have questions about horse insurance. While some individuals may choose not to insure their horses, it’s important to remember that the reason behind insurance is to protect against financial losses due to unexpected events.
What kinds of unexpected event can affect your horse or horse business? All kinds of things from illness, to injury, to natural disasters like tornadoes. Many farm insurance plans don’t cover horses, so if the horse you count on to operate your farm is badly injured or killed in a barn fire then you are in a tight spot to continue operating your farm the same way. If your best breeding horse dies from an unexpected illness, your farm starts to lose money immediately – you may even have to pay back those who purchased breeding rights going forward.
When it comes to choosing the right equine insurance policy, it’s important to work with an insurance agency that understands and really cares about protecting your equine investment.
When Do You Need Horse Insurance?
There are a number of reasons why owners choose to insure their horses, but the primary and most important one is that they cannot afford to lose their horse. It’s not solely about the value of the horse – it’s about what you would have to pay to replace your horse should something unforeseen happen.
Call The Nowell Agency Inc. at 601.992.4444 for more information request a quote for your equine insurance needs online.
Types of Equine Insurance to Protect Your Horse Investment
Whether you are looking to protect your financial investment or to make sure your horse receives the best possible veterinary care should they become sick or injured, equine insurance is one of the most cost effective ways to achieve both. There are a few types of equine insurance available to horse owners:
- Mortality insurance – this type of policy amounts to life insurance for your horse with yourself as the beneficiary. It delivers an amount of money in the event the insured horse dies from a covered accident, illness, injury, or disease. It may also cover the theft of your horse. There are different types of mortality insurance, so be sure to talk with one of our insurance agents to determine the best equine insurance for you.
- Medical insurance – this type of policy amounts to veterinary care for your horse. It reimburses you for covered veterinary costs including major medical and surgical costs in the event your covered horse suffers an accident, illness, injury or disease.
Like any other insurance plan, equine insurance comes with a range of deductibles, coverage limits, and more. Talk to an experienced horse insurance agent so you can be sure you are getting the best policy for your needs.
Consult your local team of insurance experts at The Nowell Agency Inc. and request a horse insurance quote online. Or call us at 601.992.4444 to discuss your insurance needs and the options available to you when choosing equine insurance in Jackson, Mississippi.