Which insurance policy should you take out for a racehorse?

If you want to be able to race your horse with complete peace of mind, you need to be in order administratively. Among other things, that means taking out an insurance policy for your horse. If you are interested in the process, here are the policies to consider and what they cover.

A policy that matches your needs

Before taking out an insurance policy for a racehorse, you first need to understand your own situation. That means taking stock of your budget, where you are based, your schedule and your level of competition. In particular, check whether a kit such as the one featured on La Sellerie Francaise is available.

For example, if this is a horse you no longer ride, it would make sense to take out cover for the horse alone. If you are the one riding him in competition, then the policy must cover you as well.

You should also check whether you need a separate equine policy or an extension to your home insurance. This second option is only possible if your insurer offers the appropriate extension within the basic policy.

In addition, when taking out a policy with the right options for your horse, the recommended choice is public liability cover. At the very least, this covers the basic damage that can occur in riding.

A policy with the right guarantees

For a rider, the guarantees included are a solid basis for choosing an insurance policy. Indeed, the guarantees required depend on the specific needs linked to your environment and to how you ride.

Theft or mortality cover for the horse should be included, to make things easier for a professional who needs to find another horse should a problem arise. To reduce the costs involved in the sport, the rider can opt for cover for repatriation costs, disability, rider accident, tack and veterinary fees. These guarantees are rarely included as standard. It is up to the rider to insist that they be written into the policy.

A policy you can afford

Your budget is the one factor that lets you make a decision and actually stick to it. Once you have set a budget for your insurance policy, you should keep to it. This assumes the budget was drawn up after a careful survey of the market. You will therefore have had the chance to look at several offers with the features you are after, based on your situation.

Beyond that, you will have used the various online comparison tools to identify the strengths and weaknesses of each proposal. In the end, you will have made a rational, considered decision. In that case, a policy beyond your means is not advisable.

A policy within your means does not mean being completely rigid about spending, either. There are often alternative offers that cost a few euros more for related services. As long as the value for money is right for you, it is worth paying out the sums needed to take out that insurance for your racehorse.