Knowing how unpredictable horses can be, it isn’t any surprise that they can always find a way to hurt themselves no matter how safe you make their area. Each time they get injured, there is always a vet bill that comes along with it.
Working out how much you are willing to sacrifice for your horse may be the first thing you plan when you purchase them. This means the monetary value you are willing to pay if they were to get sick or injured. Some may find that the general costs of a horse are teetering at too much let alone the costs of vet expenses when they can reach well in to the thousands.
Due to the high cost of veterinary treatments, it is important to have a plan of action for these unfortunate scenarios. Petplan will talk you through some possible options:
Having equine insurance can give you the peace of mind knowing that you won’t have to quickly find money if the unexpected occurs. There are a range of different options when it comes to equine insurance. The most common is the mortality, theft & straying cover which can have optional benefits added to suit you and your horse’s needs. Some of these optional benefits include:
- Vet fee cover
- Permanent loss of use
- Disposal after death
- Saddlery & tack
- Horse float cover
- Horse liability plan
- Veteran plan
All these plans can be customised to suit your needs and make sure that you and your horse are getting the best coverage possible.
Other options to cover vet bills
Other than horse insurance, your only other options are to set a limit or create a payment plan.
Setting a limit: this will require you to put a monetary limit on your horses life, which is easier said than done. Depending on your financial set up, the limit you set up may not even cover every day veterinary treatments as equine vet bills can become quite substantial without you even realising. Even if you do come up with a set amount, by the time your horse needs treatment you may have grown attached and throw this limit out the window. All in all, it is extremely difficult putting a limit on your horse’s life and when push comes to shove, it becomes a whole lot more difficult.
Payment plan: You may put aside money on a monthly or weekly basis that will allow you to pay for these unexpected vet bills. However this is often not maintained or the vet bills come earlier than expected when there isn’t enough money in the savings to pay the bills.
Equine Insurance is a lot cheaper than most expect and it gives you the peace of mind knowing that your horse will be covered when the time comes. It also saves you the worry of making the dreadful decision about your horse’s life or whether or not you have saved enough to pay for the treatment.