By Logans Insurance

As values increase more and more horses are being insured. Insurance for many people is a purchase that they would rather not make and insurance of animals is no exception. Luckily for some people they do not see the end result of their insurance policy in the form of a claim cheque. But that is in essence the purpose of insurance, to indemnify the owner of the policy in the event of the loss.

With the kind of investment it takes to buy a horse, it is intriguing that some people choose not to insure. For example, if you buy a new car you probably wouldn't leave the showroom without insuring it. Animals have a mind of their own yet cars will sit in the garage and not move.

Horses are high risk - studies show that the chance of claiming on a horse is 28 times greater than claiming on a house insurance policy.

Many horse owners believe that because of the high level of care and attention their horses receive, they will never have a loss and subsequent claim. But as any horseman will tell you, even with the very best care and attention, it is impossible to prevent accidents and illnesses occurring which cause the death of horses.

Investing in suitable insurance coverage is obviously the way to protect your investment and ensure that funds are available to replace your horse if a loss occurs.