How to Compare Insurance Policies

Once you have decided to buy insurance, the next step is to compare insurance policies offered by the various equine insurance companies.

Initially Animal Friends have a team of equine insurance specialists who can help find you the policy which best suits your needs.

• Make comparisons to be sure you are getting the best coverage to suit your needs.
• Look for authorisation and regulation by Financial Services Authority (FSA). This assures the fair operation an insurance company.
• Check Company reliability is of utmost importance.
• Look at the overview of policies offered to you and the levels of cover that the insurers provide

Then, look at what you'd like to be insured.

• Do you want to insure just the horse for liability?
• Are veterinary medical expenses important?
• Will you be insuring yourself as a rider for accidental death or injury while riding?
• What about the equipment you need?
• Trailers, horse boxes, tack, and other riding gear will have to be replaced if damaged or stolen.
• Equine dental policies are available to cover emergency and routine horse related dental procedures.
• Look at the level of flexibility you are offered to include the broader aspects of equestrianism such as your tack and other equipment.

Read the definitions which will tell you what is meant by each term every equine insurance company has specific wording that you should understand when making a comparison. For example our company defines young rider, between the ages of 5 and 18 years of age. Saddlery and tack definitions will explain exactly which equipment is covered by the insurance policy.

Horse and tack theft is an unfortunate but very real possibility these days, make sure that you include theft coverage and conditions offered by insurers in your comparison. Most equine insurance policies require purchase receipts and impose a waiting period before any payment can be issued against insurance claims made.

Territorial considerations must be clear if you transport your horse to competition or for pleasure travel. Be sure that your travel destinations are covered within the policy you choose. Third party liability cover differs in specific conditions so make sure that the policy you choose adequately covers what you will participate in. 

In comparing horse insurance policies be sure you are getting exactly what you need covered, that you are making a like for like comparison from a trustworthy and insurance company.