What insurance policy should I take out for a racehorse?
To be able to participate in races with your horse with complete peace of mind, you must comply with regulations. This involves, among other things, taking out an insurance contract for your horse. If you are interested in the procedure, here is the insurance contract to take out in 2022.
An insurance contract in accordance with your needs
Before taking out an insurance policy for a racehorse, you must first know your own situation. This requires taking stock of your own budget, geographical location, schedule and level of competition. In particular, you must check the availability of a kit like the one presented on La Sellerie Francaise.
Among other things, if it is for example a horse that you no longer ride, it would be wise to take out insurance that only covers the horse. In case you will be its rider for the various competitions, then the insurance must also include you.
It is also necessary to check whether you need separate equine insurance or an extension of your home insurance. This option is only valid if your insurer offers the appropriate extension in the basic insurance contract.
In addition, to subscribe to the insurance contract with the right option for your horse, the recommended option is to resort to civil liability insurance. This covers at least basic damages in horse riding.
An insurance contract involving the right guarantees
For a rider, the guarantees constitute solid arguments for the choice of the insurance contract. Indeed, the guarantees are imposed according to the specific needs linked to the environment and the practice of horse riding.
The horse theft or death guarantee must be included to make it easier for the professional who wants to find another horse in the event of a problem. To reduce the expenses related to the practice, the rider can choose the guarantees for repatriation costs, disability, rider accident, tack and veterinary expenses. These guarantees are rarely included automatically. It is up to the rider to insist on their inclusion in the contract.
An insurance contract within your means
The budget is the only element that allows you to make a decision and actually implement it. If you have established a budget for your insurance contract, it is important to respect it. This assumes that the budget has been established after a thorough market research. You have therefore had the opportunity to consult several offers with the characteristics sought according to your situation.
Apart from that, there have been experiments with the various online comparisons to know the strengths and weaknesses of each proposal. Ultimately, you have made a rational and thoughtful decision. In this case, the contract beyond your means is not recommended.
A contract within your means does not induce rigidity in terms of expenditure either. There are often alternative offers that require a few extra euros for related services. As long as the quality-price ratio is ideal for you, you are invited to disburse the necessary funds to subscribe to this insurance for your racehorse.