If you own a pleasure or recreational horse, no matter how much or how little his purchase price was, consider buying equine insurance – not so much in the case of the horse's death, but for major medical and surgical incidents such as colic. By being an informed shopper, you can insure your horse for an annual premium of about $250, depending on the amount of mortality coverage you request.

For more information, please read the story Should You Insure Your Horse?