How to Insure a Race Horse

Insuring a race horse helps protect your investment should injury or morality strike your horse or race team. The cost of breeding and training a successful race horse can run in the high thousands of dollars. Therefore, it is wise to observe these steps to insure your race horse.

Instructions

Difficulty: Moderately Easy

1. Locate a reliable, seasoned equine insurance company. Ask friends and associates in the horse business for recommendations. The name that comes up the most is the person or company you want to give your business to.
2. Collect the appropriate information on your race horse before calling on your insurance broker including the approximate value of your horse, its breed and its age.
3. Meet with the broker, fill out the application and see what type of price he can give you. If you know of more than one insurance agent, get quotes from others, too, in order to compare price and service. Get a decision made as soon as possible so your race horse is insured.
4. Sign the papers and pay your premium.

Tips & Warnings

• Medical coverage for a race horse is nearly impossible because of the risk factor of permanent injury.
• Most likely the insurance company will want a recent vet certificate for the horse.
• Race horse insurance is renewed annually just like car insurance. In other words, if the horse was sick or injured during the year he was insured, the insurance company may not renew your policy.