There are a few types of coverages to look at when taking out a horse insurance policy.
Mortality insurance is usually offered as full mortality and theft which is like a term life insurance policy. Or they are offered as limited mortality insurance which covered the death of a horse from covered perils such as fire, disasters, or vehicle accidents.
Surgical insurance is a policy purchased in addition to mortality policies. It provides coverage against financial loss in the event a licensed veterinarian must perform life-saving surgery. In some cases, it may also cover medical costs from the operation.
Major medical insurance is an add-on to a mortality policy. It covers the hospitalization and long-term medical therapy your horse may need.
Loss of use, to understand this coverage, think of it as a human disability policy. If you have a high performing horse worth a substantial dollar amount, you can insure that high earning activity.
Stallion fertility is coverage for conditions associated with breeding injuries, genital tumors, and testicular diseases. This coverage is dependent on the stallion fertility before the policy being taken out.
Transport covers short-term trips not covered by most mortality policies like international or air travel.
Liability insurance is a significant coverage that protects third parties if your horse injures someone or causes property damage. There are specific insurance policies for coaches, stable owners, outfitters, clubs and those that offer therapeutic services.