You’re Finally Getting The Horse You Always Wanted
You’ve always loved horses. You finally decide that you’re ready to take the leap and buy the horse you’ve always wanted.
You’re excited, but a little overwhelmed too. There’s so much to think about – and you should do all of your thinking and planning before you make an offer at the auction on that beautiful chestnut gelding.
When you make such a large investment, you want to make sure that you insure your investment. There are many insurance considerations in Ontario when it comes to your new horse.
Have you thought about:
- Housing your horse?
- Your horse’s medical needs?
- Transporting your horse?
- Liability if your horse injures someone or damages property?
Where you keep your horse affects your insurance needs. Whether you have a barn or stables for the horse you’re buying, or if you’re boarding your horse at someone else’s farm, you want to know what your insurance needs are in Ontario.
If you have your own stables where you can keep your horse, you likely already have your barn covered under your Ontario Horse Farm Insurance. This would include all your building structures and their contents including livestock and tack.
If you’re boarding your horse at someone else’s farm, you want to make sure that they have the right insurance. Ask them if their farm liability coverage is extended to include boarding of horses and if they have Care, Custody & Control coverage.
At Henry Equestrian Insurance Brokers Ltd we’ll walk you through everything you need to think about now that you own a horse. Getting the right horse insurance is a good start, so we’ll make sure you have everything you need.
Henry Equestrian Plan (HEP)
Just as you protect your own life with life insurance, you need Horse Insurance. Just like people, horses get sick and injured too. Unlike people, horses don’t have the same Ontario health benefits.
If your horse gets injured on a trail, a trip to the veterinarian can be very expensive. And in the worst case scenario, you want to make sure that you’re reimbursed if your horse dies.
Horse insurance covers:
- Full Horse Mortality Insurance from accident, sickness or natural causes
- Horse Insurance protection against theft
- Liability for injury or property lawsuit claims, including defense costs
- Veterinarian reimbursement for costs related to the death of your horse
- Accidental death benefit for the rider
- Medical and surgical costs relating to illness, injury or disease
- Equine Insurance for disability
- Tack and equipment
You can also consider the Specified Perils plan. This plan does not include coverage for colic.
However you can apply for the Thrifty HEP plan. It would provide you with coverage for your horse for 22 different perils including colic and physical injury.
At Henry Equestrian Insurance Brokers Ltd we have experience working with horses. We’ll walk you through every step of insuring your new horse. We can make sure you get the right equine insurance.
Transportation Coverage In Ontario
You’re moving your horse from your farm to a friend’s. So you buy a horse trailer. You have to start worrying about risk as you load your horse into the trailer.
Your equine insurance should cover your horse while it’s loaded and unloaded, not just while you’re on the road.
With Henry Equestrian Insurance Brokers Ltd you can insure your new horse trailer under your HEP plan policy. It will insure your trailer for collision, upset and specified perils coverage such as damage caused by fire, lightning, theft and windstorm. Once you attach your trailer to your truck, the liability coverage for the trailer would extend from the pulling vehicle.
We can also provide separate Livestock Trailer Insurance, combined truck and trailer coverage, or add it as an endorsement to your horse insurance policy. As a separate policy you get:
- Separate liability and comprehensive coverage if not fully covered by your truck insurance
- Protection against vandalism, theft and other types of damage beyond any coverage you may be entitled to under your other insurance policies
- Coverage for tack and other equipment stored in your trailer
- Cash value or full replacement options
- High limits, up to $50,000 or even more
You can even build roadside assistance options into your Ontario Livestock Trailer Insurance, as well as board and lodging expenses (including for your horses) if you become stranded after an accident or breakdown.
If you have any questions about whether you need additional horse trailer insurance, call us at Henry Equestrian Insurance Brokers Ltd. We’ll look at your current coverage and make sure you get what you need for the right price.
Liability And Injuries
When you own a horse you need to worry about more than your horse’s health, but the health of those who come in contact with the horse. You also need to worry about property damage if you take the horse on someone else’s premises. Even worse you could be drawn into a lawsuit.
Even if you haven’t had a lot of experience with horses, you know that they can sometimes act unpredictably. By making sure that you have the right insurance, you’ll protect yourself from any financial issues due to a lawsuit or claim.
Your Equine Insurance policy covers liability up to $1 million or more.
Contact Henry Equestrian Insurance Brokers Ltd today for a free no-obligation quote. We’ll make sure you’re covered in case you’re held responsible for any liability issues.
Call us today at 905-727-1144 or click the Free Insurance Quote button.