Losing a Horse to accident, injury, illness or theft is hard enough, but trying to cover the expenses that might be included can be an unexpected burden. Mortality insurance for horses offers a solution that can help you recover financially from the devastating loss of your horse. It will not replace the animal, but it can ease the financial burden on you and your family.
What Does Mortality Insurance Cover?
Horse mortality insurance will reimburse you the costs of losing a horse due to accident, theft, illness, injury or death by natural causes. The funds can be used to pay medical bills or find a suitable replacement, if it is a show, or working horse. It helps relieve the financial stress during a painful time for the horse owner.
Mortality Insurance Is Mandatory for Health Coverage
You are generally not able to get any sort of medical insurance coverage for your horse without first having a mortality coverage policy. This is true for both major medical and surgical coverage. The policies are usually very inexpensive for an average horse. It will be noticeably higher if the horse is worth a great deal of money. Most horse mortality policies start at $150 dollars.
How Is the Worth of the Horse Determined?
The value of the horse is determined in several ways. The age, overall health, type and use are all taken into consideration. A younger horse in vibrant health is going to be considered to have more value than one that is ten times older and experiencing periodic health problems. There is never a high enough value placed on horses for those that love them. They are usually considered treasured family members, but insurance companies have to look at the dollars and cents of the matter.
Does Mortality Insurance Cover Euthanasia or Burial?
You can use the funds of the mortality coverage in any way you wish. It can be used to pay medical bills, euthanasia costs and subsequent burial. All of the funds are released to you, giving you complete freedom to decide who gets paid, why and when.
Contact insurance experts like Ark Agency to find out about mortality coverage and other horse insurance products today!
