If your horse kicks a Rolls or seriously hurts someone you could be liable to a big claim against you so third party insurance is essential. When it comes to insuring the horse for loss of use, vets bills death or serious injury then a greater balance of benefit against cost should now be made. Many insurance premiums have gone up by as much as 70% in the year. A year’s basic insurance can now cost 20% of the value of the horse. Add to this all the hassle and paper work in trying to get a pay out and the horse owner begins to wonder if its worth having anything more than third party cover.

Essentially the insurance salesperson has made a bet with you that you won’t be making a claim and if you do he or she won’t lose out; your premium will still be contributing to their mortgage and holiday! The unlikely risk of accident may well be considered so unlikely that the “dead” money that would be spent on a premium might be doing more useful work on paying your mortgage or holiday or even investing in better welfare security for the horse so it is less likely to get injured.