How to Lower Your Horse Insurance

Photo by Vinny O'Hare on Unsplash

Are you a horse owner and looking to save some money this year? Veterinary medicine has advanced substantially and the costs of horse ownership have risen. Fortunately, the horse insurance industry has seen some recent changes that could help you keep money in your pockets. Here’s what you need to know. Also, if you are looking for a horse property for sale in Colorado, contact Colorado Horse Property today and speak with one of our horse-person realtors.

Ask Your Horse Insurance Agent

Ask your horse insurance agency about their co-insurance options. This is where the owner and insurer share veterinary bills. For example, there are new insurance plans with a twenty percent clause. This clause means that the owner will pay twenty percent of veterinary bills and the insurer will pay the rest. A few years ago plans like these were only offered for small animal insurance programs. So this is a wonderful change in the industry for horses. If your insurer doesn’t offer this yet, talk to them about how you can at least lower your rates.

Similar to the car industry, if you can show you’re taking care of your horse then you should be able to get lower rates. In order for this to work, you’ll have to prove some stuff to your insurer. You must demonstrate that you are a proactive and engaged owner that works with a veterinarian and farrier on a regular basis. Healthy horses are easier to insure. Also, if you are working with a trainer and are a member of your Provincial Equine Sports Organization, then you’re going to get the most favorable rates.

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