When you own a horse, there are times when something could go wrong. The horse might get injured while running or jumping, or it could get sick from something that it eats or something that it comes across while in the field. One of the things that you want to invest in is horse medical insurance. This is almost a necessity if you plan on keeping the horse for any length of time as many veterinarians charge much more to care for a horse than they charge for caring for a cat, dog or a smaller animal.
The insurance that you have for the horse should be based on the value of the animal. You need to check the record of the horse before buying insurance as well as the sale price of the horse in the event that you want to sell the animal in the future. If the horse is worth about $15,000, then it's best to go ahead and get it insured as the work that is done to the animal will likely be more than you might be able to budget for, such as injuries while running.
Some of the benefits of insurance are obvious while some you might not be able to see until it's time to use those benefits. One of the benefits that you'll be thankful for is that most policies will cover the loss of the horse if it's stolen or if it strays away from the home. There is also protection available in the death of the horse. Another benefit that you might not think about is the tack and saddlery of the animal. If the horse is paralyzed, then the medical insurance can help to cover any medications that are needed, devices that might need to be worn to help the animal stand or treatments that can help to keep the muscles strong. Vet fees are often covered as well as any fees that are associated with the disposal of the animal if something happens and you aren't able to pay for the total bill of burial or disposing in another way.