Is horse insurance worth it? Let’s find out

Why horse insurance makes sense

Caring for a horse comes with big responsibilities and, let’s be honest, big costs. In Australia, advances in veterinary care mean we now have access to incredible treatments that can save lives. The downside? These treatments can come with hefty price tags, sometimes reaching thousands of dollars.

Horse insurance helps take the financial stress off your plate. When unexpected illness or injury happens, insurance gives you the freedom to make decisions based on what’s best for your horse – not just your wallet.

But it’s not just vet bills. Your horse is also a financial investment. Insurance can protect you from losses caused by theft, straying, or accidents that prevent your horse from fulfilling their role, whether they’re a competition horse or a beloved companion.¹

What types of horse insurance are available?

No two horses (or owners) are the same. That’s why horse insurance isn’t a one-size-fits-all deal. Here are the main types of cover you can choose from:

1. Horse and pony insurance

This type of policy covers the big risks that come with owning a horse, including:

• Death from accident or illness: You can receive a pay-out based on your horse’s insured value if they pass away.¹ For example, your horse develops severe colic that requires surgery but sadly doesn’t survive. This cover helps soften the financial blow during an emotional time.
• Theft or straying: If your horse is stolen or goes missing and isn’t recovered, you can be compensated for their value.¹ For example, a storm damages your paddock fence, and your horse escapes. Despite a widespread search, they’re not found. This cover means you’re financially protected.
• Loss of irrecoverable entry fees: If your horse can’t compete in an event because it passes away, or if you’re hospitalised on the day of the event, this helps cover the loss of your entry fees.¹ For example, you’ve paid a non-refundable entry fee for a show jumping competition, but you are taken to hospital and can’t compete. This benefit would cover that lost entry fee.

2. Senior horse insurance

Unlike standard horse and pony insurance, senior horse insurance is designed specifically for older equines. Standard policies often have an upper age limit for new policies and may reduce cover as the animal ages. In contrast, senior horse insurance covers common issues in older horses, such as theft, straying, and death from injury.

3. Horse public liability insurance

Public liability insurance is a must-have for any horse owner. If your horse causes injury to someone else or damages their property, this cover protects you financially.

What’s usually covered: Legal liability and compensation costs for third-party injuries to someone else or their property.¹

What’s not usually covered: Injuries to you, your family, or anyone handling your horse with permission, as well as damage to your property (like leased stables).¹

Example: Your horse gets spooked on a trail ride, kicks out, and damages a nearby car. Public liability insurance for horses can cover the repair costs or legal claims, saving you from a potentially large bill.

4. Horse saddlery and tack insurance

Your gear is a big investment, and this policy protects your saddles, bridles, and other tack against loss, theft, or damage.

Example: Your competition saddle is stolen at an event. With this cover, you’re reimbursed for the cost of repairing or replacing it, so you can get back in the saddle without breaking the bank!

5. Horse float and vehicle insurance

Transporting your horse is another responsibility. Horse float insurance, also known as horse vehicle insurance, can protects your float or horse-drawn vehicle from damage, destruction, or theft.

What’s usually covered: Repairs or replacement costs if your float is stolen or damaged beyond repair.¹

What’s not usually covered: Wear and tear, rust, or underinsured claims.¹

Example: You’re in a minor car accident while towing your float, but the float sustains significant damage. This cover takes care of the repair costs.

Customising your horse insurance

The beauty of horse insurance is its flexibility. You can customise your policy to suit your needs and budget, paying only for what you need with optional extras like:

Vet fee cover

Upgrade your horse or pony insurance to cover you for unexpected vet fees. With Petcover, you can choose $7,000 or $10,000 of cover to go towards consultations, surgery, alternative treatments, and medication.¹

Example: If your horse gets sick or injured unexpectedly, this cover helps cover the cost of diagnosis and treatment, so you don’t have to worry about the vet bill.

Permanent loss of use

If your horse suffers an illness or injury that permanently stops them from performing their role, your policy can pay out a percentage of your horses’ value.

Example: Your show jumping horse sustains a severe tendon injury and can no longer compete. This cover compensates you for the loss of their competitive career and value.

Personal accident cover

Offers financial support if you’re seriously injured, disabled, or even in the unfortunate event of your death while riding, handling, or caring for your horse. This cover can help with medical expenses, loss of income, and provide a safety net for you and your loved ones during challenging times.

Find out more about personal accident insurance.

Cover for horse floats or horse drawn vehicles

Protect your horse float or horse-drawn vehicle with a dedicated standalone policy, or easily add it to your existing Petcover horse or pony insurance for comprehensive cover.

Horse saddlery and tack cover

Protect your horse’s saddlery and tack. Add this cover to your existing Petcover horse policy or opt for a standalone policy.

Disposal cover

Receiving up to $300 towards the cost of respectfully removing and disposing of your horse if they pass away.

Is horse insurance worth it?

Yes, horse insurance is another thing to pay for… But when you weigh the potential costs of vet bills, theft, or accidents against the cost of a policy, insurance starts to make a lot of sense.

It’s not just about protecting your investment. It’s about giving your horse the best care possible without financial worries. Losing a horse is devastating – having to make life-or-death decisions based on money makes it even harder.

With the right horse insurance, you can focus on enjoying your bond with your horse, knowing you’re prepared for the unexpected.

Let’s protect your horse

If you’re thinking about horse insurance, start by getting a quote that fits your needs. Look for providers that offer flexible, transparent policies and a strong reputation for customer service.

At Petcover, we’re here to help. Whether you’re looking to insure a performance horse, a senior companion, or just your gear, give us a call or get a quote online.