Answer

By Your Horse

Asset – an item of value such as your horse, your trailer or your tack.

Excess - the amount you pay in the event of a claim.

Market value – the estimated price of your horse, based on age, bloodlines, breed, sex and ability.

Policy period – the length of the insurance contract – usually a year.

Premium  – the cost of the insurance package.
 
Summary  – an outline of the terms, conditions and benefits.