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PROTECT YOUR HORSE
Whether you’re looking to protect your financial
investment, or to make sure your horse receives the
best care in the event he becomes ill or injured, insurance
is one of the most cost effective ways to achieve both.
Click on the above links for more information on coverages
for your horse.
To get an emailed quote, go to — the
QUOTE PAGE.
Full Mortality
 The
equine full mortality policy is basically life insurance
for your horse. It provides coverage in the event the
insured horse dies from accident, injury, illness or
disease, and also includes coverage for humane destruction
(the horse is put down for humane reasons), as well
as theft. The policy will automatically cover the horse
while it is in the continental United States and Canada.
Coverage can extend to other countries as well, with
prior notice and additional premium paid.
Coverage is available for healthy horses between the
ages of 24 hours and 18 years.
The companies that we work with also include Emergency
Colic Surgery coverage as part of the
mortality policy, at no cost. The limit is 50% of the
value of the horse, with a maximum of $2,500 to $3,000
depending on the horse's insured value and the insurance company.
While this would most likely only cover part of the costs
associated with colic surgery, it is a valuable benefit.
Please note: if your horse has a history
of colic problems, either medical or surgical, this
coverage will not apply.
Another type of mortality coverage that is available
as an alternative to Full Mortality is called Extended
Named Perils. This policy covers if the horse dies as
a result of a limited number of specifically named causes
that are spelled out in the policy, such as fire, lighting,
flood, etc. If your horse is still valuable, and older
than 18 and therefore ineligible for Full Mortality,
you should consider this coverage.
Insured Value
Basically, you can insure your horse for its fair
market value, or less. Fair market value is generally
considered to be the amount you could expect to receive
if you sold your horse right now. With a recent purchase,
that would generally be the purchase price. If you have
owned the horse for some time and he has increased in
value, you have the option to insure for more than the
purchase price. To do this, you will need to submit a
Substantiation of Value form (on the Forms and Application
page) which will help you list competition or breeding records,
and/or professional training fees paid. If
the horse is a homebred with no performance or breeding
record of its own, generally the company will agree
to an insured value of three times the sire's stud fee.
We will be happy to work with you in gathering the necessary
information.
It is a good idea to keep your horse's bill of sale,
performance and/or breeding records on file in the event
you file a mortality claim.
Premium
The premium for your horse's mortality policy is based
on his age, use and value.
To get an emailed quote, go to — the
QUOTE PAGE.
Claims
If your horse becomes ill, is injured, requires surgery
for any reason (even something not covered and/or routine such as castration),
dies or is stolen, you must notify the insurance company
as soon as possible. In the case of an impending surgery, even There will be a toll free number
on your policy, and someone with the claims department
will be available to help you any time, day or night.
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Major Medical/Surgical
 This is the
most popular coverage that customers add to their mortality
policy. It will help reimburse you for veterinary costs
(medical and/or surgical) in the event your horse suffers
an accident, injury, illness or disease during the policy
period.
Coverage is available for horses between the ages of
31 days old and 15 years.
Coverage limits of $5,000, $7,500, and $10,000 are available,
and premiums start at $190 and increase accordingly.
Some restrictions to limits may apply depending on the
insured value of the animal. For example, if your horse
is insured at a value of less than $7,500, some companies
will only offer $5,000 in Major Medical/Surgical coverage.
Deductibles range from $250-$325 depending on the company,
and apply to every claim made
during the policy period.
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Surgical Only
This coverage will help reimburse you for your veterinary
costs in the event your horse suffers an illness, injury,
accident, or disease that requires surgery. It will
also pay a percentage of the medical costs related to
the surgery.
Annual aggregate limits are available at $2,500, $5,000
and $7,500. Annual premiums begin at $125.
Coverage is available for horses between the ages of
31 days of age and older.
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Loss of Use
In
the event your horse is permanently unable to perform
its insured use, this coverage will reimburse you for
a portion of the horse's insured value. The scope and
availability of the coverage depends on the horse's
age and use, and a comprehensive veterinary exam (similar
to a pre-purchase exam) may be required. Please contact
our office for more details.
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Stallion AS&D
This coverage will reimburse you for 100% of your proven
stallion's insured value in the event he can no longer
settle mares in foal due to an accident, sickness, or
disease. A breeding history will be required--coverage
is not available for unproven stallions.
Coverage is available for horses between 3-14 years
of age.
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