At some point every horse owner will be faced with the dilemma of whether to insure his or her bloodstock and wrestle with the question: for how much? While an equine acquisition being financed by a bank will require insurance to protect the horses being used as collateral, the decision to insure is largely at the discretion of the owner.

“It depends on two factors,” said Michael Levy of Muirfield Insurance in Lexington of the dilemma owners face about whether to insure their Thoroughbred holdings or to “self-insure” by deciding to absorb the risk themselves.

Read the full article, courtesy of The Blood-Horse, here.