The basic types of equine insurance coverage purchased by most horse owners are mortality and major medical policies, which¬†roughly correspond to life and health insurance for people.
Generally, mortality insurance reimburses a horse¬†owner if the horse dies. Depending on the policy, the owner may receive payment for the full or partial value of¬†the horse.
Medical and surgical policies cover the costs associated with treatment of an injury or illness.
An¬†owner can purchase mortality coverage alone, but medical and surgical policies are generally available only in¬†combination with mortality.