Owning A Horse Can Become Expensive Very Quickly?
Horse Can Become Expensive
Owning a horse can be an expensive endeavor. Aside from the initial investment when purchasing the animal, you will also need to pay boarding costs, veterinary costs, and many others. A quick breakdown of these expenses shows how it can become expensive very quickly.
The initial purchase of a horse can range from $3,000 to $10,000 or more, depending on the breed. After that, boarding costs range from $100 for pasture boarding to $500 or more per month for stable boarding. Feed costs reach $100 per month for simple hay, but climb significantly higher if grain is involved. For an already-healthy animal, veterinary costs are around $300 per year.
However, the initial veterinary expenses for vaccinations, shoes, etc. can be several thousand dollars. The average person will spend thousands of dollars within the first year of owning a horse, and much more than that over the animal’s lifespan.
When you invest the same amount of money into an animal that you do into a car, it makes sense to protect that investment. You need horse insurance. While that is yet another expense that comes with owning an animal, take a look at how at the horse insurance cost breakdown.
Most standard horse insurance policies will range from $400 to $800 per year. Compared to the total cost of a horse, this is a drop in the bucket. Horse insurance covers major medical events, as well as incidents caused by a third party such as theft and liability. When give the option, it just makes sense to protect yourself against all possibilities, and investing in a horse insurance policy is the first start.
No one wants to consider that the worst may happen to their four-legged companion, but an insurance policy will give you peace of mind and confidence that you can handle whatever expenses may arise.