Insurance pays, partly or in total, for veterinary treatment of the insured person's ill or injured horse. Some policies will pay out when the horse dies, or if it is lost or stolen.
As veterinary medicine is increasingly employing expensive medical techniques and drugs, and owners have higher expectations for their equine's health care and standard of living than previously, the market for pet insurance has increased.
Insurance companies are beginning to offer the equine owner more of an ability to customize their coverage by allowing them to choose their own level of deductible or co-insurance. This allows the horse owner to control their monthly premium and choose the level of coverage that suits them the best.
Some of the differences in insurance coverage are: