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 Born not Made
Posts: 2937
   
Location: North Dakota | I have never insured a horse before, so I am totally clueless.
I have an 8-year-old quarter horse. He does have a catching stifle problem that we are treating. So far, we injected it and seeing how he is doing. There is the possibility (although my vet doubts we will need to do this) that he will need to have the splitting surgery.
He has become quite valuable to me, and he would be expensive to replace. He's started on spins and flying lead changes for reining. He's loping a great pattern on the barrels and poles, and we are adding speed. He can also do showmanship, competitive trail, and work cows. Long story short -- a very versatile all-around horse that are hard to find.
Can you get a horse insuranced when they already have a health condition?
If so, are their any specific questions I should ask? Things I should look out for?
Is his insuraced price based on what he is currently worth? (Not what I bought him for?)
Also, I have a 3-year-old quarter horse. I put 15 days on him last year, and he's currently at the trainer for 30 days.
Is it worth to insure one so young? Does it have any benefit, in order to avoid a pre-existing condition?
Again, I am totally clueless to the horse insurance world so any advice would be appreciated.
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Veteran
Posts: 296
| My horse is navicular, and I was able to insure him - they don't cover navicular anyway, so it wasn't an issue...which surprised me. I had always just assumed it wasn't possible to insure him for loss of use, but as long as its not related to the navicular, we are covered. I called and chatted with my gal about it before I spent the money, she answered all the questions I had. I spent a LOT of money on a mare a few years back, didn't insure her, and it was the biggest mistake of my life...she ended up getting sold for a trail horse due to some injuries that hadn't shown up on a pre-purchase. I will never NOT insure something now as a result. Typically insurance is based on their worth plus any earnings. |
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Born not Made
Posts: 2937
Location: North Dakota | Do some (or all) insurance companies require a vet report before they insure the horse? |
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Regular
Posts: 60
| I don't really know anything about insurance either, but I would be interested to learn as well!
I bought a gelding that I spent more money than I EVER thought I would spend on horse and even after a 2 hour vet exam before purchase, he came home and a year later had to be sold as a trail horse. Sooo after a VERY expensive mistake that almost put me out of barrel racing, I learned my lesson! And truly it wasn't even a mistake to buy the horse as I did my homework so much as some very bad luck that could have been helped with some insurance on the poor boy. |
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Pig-Bear Dog Lover
| luvrdeo - 2014-04-27 10:31 AM
My horse is navicular, and I was able to insure him - they don't cover navicular anyway, so it wasn't an issue...which surprised me. I had always just assumed it wasn't possible to insure him for loss of use, but as long as its not related to the navicular, we are covered. I called and chatted with my gal about it before I spent the money, she answered all the questions I had. I spent a LOT of money on a mare a few years back, didn't insure her, and it was the biggest mistake of my life...she ended up getting sold for a trail horse due to some injuries that hadn't shown up on a pre-purchase. I will never NOT insure something now as a result. Typically insurance is based on their worth plus any earnings.
Who did you insure him through? |
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Born not Made
Posts: 2937
Location: North Dakota | SwishMiss - 2014-04-27 6:04 PM luvrdeo - 2014-04-27 10:31 AM My horse is navicular, and I was able to insure him - they don't cover navicular anyway, so it wasn't an issue...which surprised me. I had always just assumed it wasn't possible to insure him for loss of use, but as long as its not related to the navicular, we are covered. I called and chatted with my gal about it before I spent the money, she answered all the questions I had. I spent a LOT of money on a mare a few years back, didn't insure her, and it was the biggest mistake of my life...she ended up getting sold for a trail horse due to some injuries that hadn't shown up on a pre-purchase. I will never NOT insure something now as a result. Typically insurance is based on their worth plus any earnings. Who did you insure him through?
I am curious as well. |
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Born not Made
Posts: 2937
Location: North Dakota | Another question: Are their any insurance companies that have a "Loss of Use" policy? For example, if my horse slices his leg up beyond repair and becomes an unsound pasture pet.... but isn't dead.
Or if the vet puts him down because he is now a pasture pet .... does that count for mortality?
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Veteran 
Posts: 260
| Loss of Use should be called Loss of YOUR money. Its awful insurance. I don't care who you go with. You can get coverage on a horse with preexisting. They may put a rider on it for 1 yr or so but you can get it. No different than you having it on yourself.
Jason |
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  Neat Freak
Posts: 11216
 
Location: Wonderful Wyoming | Jason@AlbrachtIns - 2014-04-28 4:16 PM Loss of Use should be called Loss of YOUR money. Its awful insurance. I don't care who you go with. You can get coverage on a horse with preexisting. They may put a rider on it for 1 yr or so but you can get it. No different than you having it on yourself. Jason
What he said...and no if your horse is only a pasture pet and your vet puts it down, you will NOT get paid for mortality. They have to NEED put down beyond any reasonable doubt. My current stallion has a terrible knee injury. He will need euthenized maybe this year, maybe next. It is the humane thing to do and his insurnace will not pay out because it is not a life threatening thing...just something he has lived with for nearly 10 years. If he were to get hit by lightning or a mare kick him and break his shoulder than it would pay. |
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 Elite Veteran
Posts: 999
Location: Sunny So Cal | I would call Stacey up from Cinquini Insurance Services. He is really nice and easy to work with. Insurance policies confuse me too but he took the time to explain everything to me. I don't think you can insure the pre-existing conditions, but the rest of the horse can be :/ (949)289-4722 or email at stacey@cinquiniranchfarm.com
Edited by Cowgirl Kat 2014-04-30 11:07 AM
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Horse Insurance for a pre-existing condition?