SEIB Insurance Brokers’ Horse Insurance team have carried out a detailed analysis of our claims data to uncover the most common causes of claims by horse owners over the past five years*.
The most frequent Horse Insurance claims
The research reveals that Gastric ulcers are the most common causes of claims – responsible for just under two-thirds of colic and digestive disorder claims (63%) and 11% of all horse insurance claims.
As well as being a common issue, and one that causes a great deal of discomfort for horses, gastric ulcers are also a potentially costly problem. Our analysis shows that ulcers are also the second-most expensive type of horse insurance claims, with almost half of claims (42%) costing over £3,000. And, unfortunately, with gastric ulcers having the potential to become a recurring issue, the ongoing costs can quickly mount up.
Stable and field injuries a close second and third
The second most common cause of claims are injuries – such as wounds and fractures - that occur in the stable or field. This includes injuries caused by kicks, falls and violent means. This is followed in third place by injuries, such as wounds and fractures, occurring when the horse is being ridden. The frequency of these injuries - both unridden and ridden - underscores the importance of having some level of Horse Insurance, even if you opt for a more budget-friendly policy like SEIB’s Core Horse Insurance, which provides essential protection against accidental external injuries.
The most expensive Horse Insurance claims
The research reveals that the most expensive average claim is caused by degenerative disease or development disorder of a horse’s forelimbs (i.e. front legs). Average costs for claims like this are over £3,000 with 17% of incidents exceeding £5,000 in vet costs – a huge potential financial burden for horse owners.
As well as being the most frequent type of claim, gastric ulcers also have the second most expensive average claim cost at £2,802, with 11% of incidents exceeding £5,000 in vet costs.
The third most expensive type of claim, with an average claim cost of just under £1,500 was visible wounds or fractures that occur in the stable or field. However, around 20% of these claims cost over £3,000.
Are you prepared for potential costs?
Although implementing sensible preventive measures - such as regular veterinary check-ups and maintaining safe environments - can help reduce accidents and health issues, unfortunately, there is always a risk that the unexpected might happen.
This data shows the substantial veterinary costs associated with common conditions like degenerative diseases and gastric ulcers, as well as the importance of having appropriate Horse Insurance in place.
About SEIB
SEIB Insurance Brokers have been providing insurance for Horses for over 60 years. We provide a flexible range of policies to suit your needs. Our experienced team of horse owners can help provide you with advice on what cover you might need.
*Data used is based on SEIB Insurance Brokers' horse insurance claims records from 2020 to 2024.