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Q1) What are the benefits of having insurance?
For horse owners, insurance offers a form of protection and security.
Liability, mortality, shipping, major medical, surgical, loss-of-use, stallion
infertility - whether a horse owner has fifteen racehorses at the track, a band
of broodmares, a few show horses at a training stable, or a pleasure horse at a
boarding barn or in the backyard, some form of insurance is needed.
The owner of a stable will want to be covered in case something happens to a
horse in his care. The owner of an expensive racing or breeding animal will want
some protection for his investment. The owner of a back-yard pleasure horse may
want to know that he will be able to buy another horse if something happens to
the horse he has now, or he may want to know that his horse is protected in case
necessary surgery must be performed. Anyone who owns a horse, leases a horse,
boards a horse, or teaches a lesson will want the protection provided by
liability insurance.
Horse ownership at any level creates risks. Insurance is more
than just another expense connected with horse ownership; it is a way for horse
owners to protect themselves while exercising responsibility toward the horses
that they own.
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