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08 July 2010
Like any investment or major purchase, it is best to get an insurance cover for your horse for your own peace of mind in case of future unavoidable circumstances.
The insurer has the sole decision whether to insure his horse or not. He would probably need the input of the veterinarian in order to provide the information about the animal's present health status which is required by insurance firms to be reasonable certain that the horse in question is in good overall health. This is also needed to ensure that pre-existing conditions are not present, such as previous illnesses, surgery, injuries, laminitis, etc, because these may affect the horse's health in the future.
The most common insurance policy is for the coverage of mortality. Prior to the acceptance by the insurance company they would need a vet's examination which is normally paid by the purchaser of the policy.
A veterinary certificate may not be required by all insurance companies. For some, a Declaration of Health from the person taking care of the horse may suffice. Horses obtained through public auctions normally do not need a vet report.
However, for the protection of all concerned, a physical exam of the horses will be very beneficial because in the event of a claim, problems can be avoided. By that time, for the vet to simply sign off an examination based on his familiarity with the horse for some years of offering vaccination and basic maintenance procedures may not be enough.
Horse Finance News