You've finally found a horse that's working for you. A horse you can count on. You've either spent a good deal of time getting him to the point he's at, or you've spent a good deal of your hard-earned money to find one that fits you. Bottom line: if you've got a good horse, you've got a lot invested in him. Good horses don't just happen.
So why not protect your horse with insurance should anything happen? Equine mortality insurance is one of several types of horse insurance now available to horse owners. Be financially prepared when injuries or even death affect you and your horse.
Equine insurance is not something new, but it's not an industry standard, either. Some ropers and rodeo hands carry insurance and others do not.
Reigning Wrangler NFR Average Champion Chad Masters does, and has experienced the sting of losing an uninsured horse.
"My dad's best friend let me borrow a $20,000 calf horse," he said. "I had him insured the whole time I was roping on him, then we went to the Northwest and I left him at home."
Because he wasn't hauling him and he would just be turned out in the pasture alone, Masters let the insurance go. The horse was healthy for three months. Upon return, he caught the horse and penned him since he would be turning new horses out. Trying to crawl out of the pen, the horse broke his leg.
"Luckily, the guy let me replace that horse with a $5,000 horse because he was a friend of the family," he said. "Still, it cost me $5,000 out of pocket where if I would have kept the insurance, it would have just cost me the premium and he'd have gotten $20,000 back. It was all my fault. I was just lucky he was so good about it and understood that kind of stuff. I don't want things happening like that any more so I make sure I stay on top of the insurance for myself."
