Horse Medical Insurance
Horse medical insurance should only be purchased through a firm specializing in equine care in order to provide for complex medical needs a horse may have in its lifetime. Although not all horse owners choose to pay the expense of coverage, a good rule of thumb for owners is to buy horse health insurance if they cannot afford to lose the animal or pay for adequate veterinary care. The value of the animal is based on its purchase price, plus transportation costs from point of purchase, prize winnings, performance level, and breeding value. “Hast thou given the horse strength? Hast thou clothed his neck with thunder? Canst thou make him afraid as a grasshopper? The glory of his nostrils is terrible. He paweth in the valley, and rejoiceth in his strength…” (Job 39:19-21) With such an investment of time, money, and personal commitment, specific equine coverage is becoming more and more popular. Typically, there are two types of insurance. One covers surgeries for ligament damage or colic as well as post-operative care. The other is a major medical policy that covers both the surgery or veterinary care for non-surgical options. All equine programs offer major medical plans, deductibles, and even mortality policy premiums. Horse health insurance will often detail the kind of situations which can cause accidents such as fire, lighting, or transportation. A broader definition of peril in a policy can encompass even unexpected kinds of injuries. Loss-of-use insurance is important for owners who depend on the income from the animal. If a breeding stallion becomes sterile through accident, sickness, or disease, an insurer will reimburse an owner up to 100% of the indemnity due in the mortality policy. Obviously, this policy is available only after a first breeding season which proves that the stallion is infertile. Equine specialists that offer horse medical insurance may require that all injuries be reported to their company with loss-of-use or mortality policies, just in case any particular injury might lead to another.
If this standard condition is written into a policy, non-disclosure of any illness or problem can seriously affect a future claim. If a policy has a stipulation for a time limit for any one medical problem, an owner may have difficulty treating an animal if the necessary medication and care lasts longer than the stipulated coverage. Check out horse health insurance carefully to make sure everything is understood completely regarding what a policy actually covers because the true value of a horse can be almost inestimable. Consider buying an extension so that, even if a horse medical insurance policy ends, mortality coverage continues up to a year later if a previous condition finally results in death. Should an animal die, a policy will either pay an agreed value (stated on the policy) or the actual cash value of the animal at the time of death (whether it is less or more).
Self Employed Health Insurance Deduction