Petplan Equine: Insurance for riding horses
Petplan horse insurance is specially designed for recreational riders, with a flexible range of cover options for horses, riders and gear.
Find out what kind of cover you can get, and whether it’s right for you.
The cover options
The cover types available vary depending on how old your horse is at the time. You can get a range of cover for horses aged 30 days to 16 years, and a more limited range of cover for horses aged 17 to 30.
Horses aged less than 30 days or more than 30 years cannot be covered by this policy.
Note that none of these plans include horse liability cover. This is a separate policy that can be taken out by itself, or in combination with other cover.
For horses aged 30 days to 16 years
You can choose:
- Value Cover. Basic and more affordable horse insurance with a limited range of options.
- Horse Cover. Comprehensive horse insurance with a wide range of options and extras available.
- Pick and Mix. Choose your own cover types as needed.
|Feature||Value Cover||Horse Cover||Pick and Mix|
|Death by injury or illness, or humane euthanasia|
|Theft or straying|
|HiXS vet fees|
|Saddlery and tack|
|Loss of irrecoverable entry fees|
|Permanent loss of use (60% or 100% options)|
|Horse floats, trailers and horse-drawn vehicles cover|
|Disposal after death|
For horses ages 17 to 30 years old
In this age group you can only choose between two different cover options. In both cases, there is no cover for illnesses.
|Option A||Option B|
|Death or humane euthanasia following injury||$3,000||$3,000|
|Theft or straying||$3,000||$3,000|
|Vet fees for injury||Not available||$2,000|
|Saddlery and tack||Sum insured||Sum insured|
How each cover type works
An excess will apply to many types of claim. This is a portion of the cost you will have to pay first.
Note that the following information generally only applies to horses aged 30 days to 16 years and is not a comprehensive explanation of the full terms and conditions or all policy exclusions. You should still familiarise yourself with the product disclosure statement (PDS).
Mortality, theft and straying cover
This cover type can pay out if your horse dies or is humanely euthanised at a vet’s recommendation due to injury or illness, or if it is stolen or strays.
It can pay out the lesser of either your sum insured or the horse’s market value, so it’s possible to be over- or under-insured with this policy.
- It will not pay out if a vet finds that the horse’s injury or illness is treatable. You cannot make a claim if you choose to get a horse euthanised instead of getting veterinary treatment.
- It will only cover euthanasia when a vet recommends it as the most humane course of action.
- A $200 excess applies.
Vet fees and HiXS vet fees
Depending on which cover type you have, you can choose either the “vet fees” or “HiXS vet fees” plan.
Both can cover veterinary fees incurred for the treatment of covered injuries or illnesses, including alternative and complementary therapies when recommended by your vet and carried out by a nationally qualified practitioner.
- Vet fees (comprehensive): Up to $10,000 per year with a $200 excess.
- HiXS vet fees (basic): Up to $7,000 per year with a $1,000 excess.
- Veteran cover (age 17+) vet fees: Up to $2,000 per year for injuries only. No cover for illnesses with a $200 excess.
Float, saddle and tack cover
You can be covered for the repair or replacement of saddlery or tack that has been stolen, damaged or destroyed.
- You are covered up to the lesser of either your sum insured or the market value.
- The most Petplan will pay is $800, unless you can provide proof of purchase showing the make, model and date of purchase of the item(s).
- There is no cover for saddlery or tack that is damaged or destroyed while being cleaned, dyed, repaired or restored.
- There is no cover for saddlery or tack that has been damaged in the process of being used by a riding establishment or someone who is taking a riding lesson, unless that person is a member of your family.
- This does not include cover for rugs or other personal effects.
- You are only covered for theft if the items were properly secured at the time. This generally means keeping them locked up while not in use.
- A $200 excess applies to claims made under this cover type
Irrecoverable loss of entry fees
This type of cover can pay out up to $1000 to cover horse event entry fees that cannot be recovered if you are unable to take part.
This will only pay out if you are unable to attend an event as the result of your horse’s death, or if you are unexpectedly hospitalised for an injury or illness of your own.
Loss of use
This type of cover can pay out if your horse is permanently physically unable to perform the activities it was intended to. These intended activities will need to be specified on your certificate of insurance.
When choosing this cover type, you can opt for either 60% or 100% cover. This refers to how much you can claim.
- 60% cover: You can claim 60% of your horse’s market value or sum insured, whichever is less.
- 100% cover: You can claim 100% of your horse’s market value or sum insured, whichever is less.
This only pays out if your horse is physically unable to part in these activities.
- It does not cover inability to take part due to behavioural problems or vices.
- It does not cover inability to take part due to scars or blemishing.
- A minimum age limit of 2 years applies to this cover type.
- It will not pay out if your horse has never been trained to do the specified activity, or has never taken part in it before. This cover type is generally intended for horses that are currently trained and taking part in specified activities.
- A $200 excess applies to this cover type.
Horse floats, trailers and horse-drawn carriage cover
This cover type is for horse floats, trailers and horse-drawn carriages, to insure them against damage, theft or destruction.
It can pay out up to a maximum of either the lesser of either the item’s market value or sum insured, subject to a $200 excess.
Horse liability insurance
This cover type is not a part of Petplan horse insurance. Instead it is a separate policy that can be taken out by itself or in combination with Petplan horse insurance as needed.
It can cover your legal liability if you are responsible for a third party’s death, property injury or bodily damage arising in connection with the horse specified under the policy.
This can include compensation you are ordered to pay to the claimant, and your legal costs and expenses arising by defending yourself against a claim from a third party. You can choose your limits of liability up to a maximum of $5 million.
- This does not cover any injury or death of you or any of your family members, or anyone that you have permitted to handle or look after your horse.
- It does not cover any damage to fences or growing crops.
- It does not cover any accidents that took place as the result of any business, profession or occupation.
- An excess may apply to liability claims.
General policy terms, conditions and exclusions
Generally this policy is designed for pleasure riders and people who only use their horses for recreation or sport. If you are looking for horse insurance to cover horses that are used for business or breeding purposes then you may want to look at other options.
You generally won’t be covered for losses resulting from business activities, and similarly you will sometimes only be covered if your horse is being ridden by yourself or one of your family members. Before letting anyone else ride the horse you should consult your policy and understand how this may affect your cover.
You are generally required to take all reasonable steps to take care of your horse and provide all appropriate veterinary care. You may not be able to claim if your actions are found to be responsible for the prolonging or exacerbation of your horse’s injuries or illness.
To make full use of this policy, you should be prepared to take proper care of your horse. If you choose to put your horse down rather than pay for veterinary bills you will probably not be able to make a claim for its euthanasia or humane destruction. Even if you have reached the limits of your veterinary cover under this policy you are still obligated to make sure your horse is receiving appropriate veterinary care.
In many cases you will only be covered up to the lesser of either the relevant market value or your chosen sum insured. This means you should watch out for over- or under-insurance and may want to re-assess your horse’s value periodically.
- Over-insurance: Your chosen sum insured is too high. Your policy will only pay the reduced market value, so you might be paying too much for cover.
- Under-insurance: Your chosen sum insured is too low. Your policy will not cover the full value of losses, and payouts may otherwise be reduced.
You are also required to:
- Follow all applicable Australian laws
- Make sure your horse is appropriately vaccinated, regularly wormed and given the right preventative treatments
- Make sure your horse and all items such as trailers, saddlery and tack are appropriately secured when not in use
This policy will specifically not pay out for:
- Equine influenza, tetanus, strangles or any other disease for which there is known vaccination that was recommended by a vet
- Any illnesses that occurred outside of Australia if it’s unlikely that this would have occurred inside Australia
- Injuries or illnesses that occurred before taking out the policy or adding the relevant cover type, or immediately after taking out a policy
You may also be obligated to get prior approval from Petplan before taking certain actions if you want your policy to pay out. For example, you will need to inform Petplan before euthanising your horse, unless your vet confirms that it needed to be done immediately due to the pain your horse was in.
How to make a claim
You will need to provide appropriate evidence when making a claim, depending on what type of claim it is.
This may include:
- Providing police reports for theft of items
- Providing an itemised receipt from your vet for treatments provided
- Providing veterinary evidence of loss of use, and descriptions of the horse’s physical disability, when making a claim for loss of use
- Proving proof of purchase and value when making claims for stolen, lost or damaged items
How much does Petplan horse insurance cost?
The cost of your policy depends on factors including:
- Your chosen cover types, and whether you’ve selected Value Cover, Horse Cover or Pick and Mix
- Your applicable excesses
- Stamp duty and other taxes in your state
- The age of your horse and other individual factors
You can get a quote to find out how much it will cost for you.