Protect Your Horse
Whether you are 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.
For more tips and information on equestrian insurance coverages, as well as health and safety tips, visit out BLOG.
The equine Full Mortality policy is basically life insurance for your horse. It provides coverage in the event the insured horse dies from a covered accident, injury, illness or disease, as well as limited coverage for theft that occurs during the policy period. 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 underwriting approval, and additional premium paid.
Coverage is generally available for healthy horses between the ages of 24 hours to 20 years, though it becomes more difficult to insure a new risk as horses age.
The companies that we work with also include Emergency Colic Surgery coverage as part of the mortality policy, at no cost. The limit is usually 50% of the value of the horse, with a maximum of $2,500 to $5,000 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 issues, either medical or surgical, this coverage may not apply.
Another type of mortality coverage that is available as an alternative to Full Mortality is called Extended Named Perils or Limited Mortality coverage. This policy covers if the horse dies only 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, but ineligible for Full Mortality, you may want to consider this coverage.
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 and submitting it to underwriting for their review.
It is a very good idea to keep your horse's bill of sale, proof of payment (such as the cancelled check or documentation of a wire transfer), and performance and/or breeding records on file in the event you file a mortality claim, as these may be requested by the insurance company during the claims process.
Justification of Value: /media/ValueForm2013(1).pdf
The premium for your horse's mortality policy is based on his age, use, level and value.
To get an emailed quote, go to the QUOTE PAGE. Or please call our office at 888-687-8555 and we will be happy to provide you with a quote over the phone.
If your horse becomes ill, is injured, suffers an accident or lameness, needs non-routine veterinary care, requires surgery for any reason (even something that is not covered and/or that is routine such as castration), dies or is stolen, you must notify the insurance company immediately. 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. Failure to promptly report a health issue with your horse could jeopardize your access to coverage under the policy. In addition, if you are considering euthanizing your horse, before you do so it is vital that you contact the insurance company's claims office so that the adjuster can discuss with you the coverage parameters for this type of situation -- otherwise you could jeopardize your coverage. Also, if your horse unexpectedly dies, it is vital that you contact the insurance company's claims department, and that you do not bury or otherwise dispose of the body, as a necropsy will probably be required, per the Mortality policy's terms.
More information on contacting the claims department, Click here.
This is the most popular coverage that customers add to their Full Mortality policy. It will help reimburse you for covered veterinary costs (medical and/or surgical) in the event your horse suffers a covered accident, injury, illness or disease during the policy period.
Coverage is available for horses from the ages of 31 days to 20 years, depending on the insurance company that coverage is placed with.
Policy coverage limits (meaning the maximum the insurance company will pay out during the 12-month policy period) of $5,000, $7,500, $10,000, and $15,000 are available, and premiums start at $200 and increase accordingly. Some restrictions to limits may apply depending on the insured value or age of the animal. For example, some companies will not offer Major Medical/Surgical annual limits higher than the horse's insured value, and there are also age restrictions, though we work with one of the only companies left that will offer Major Medical/Surgical regardless of the horse's insured value on the Mortality policy - this means that even on a horse that you insure for a value of $1,000 on the Mortality policy, you could still have anywhere from $5,000 to $15,000 policy limits of Major Medical/Surgical coverage (providing the horse otherwise meets the underwriting criteria). Also, most companies will now offer Major Medical/Surgical coverage through the ages of 18-20.
Also, this coverage is an endorsement that is added to the Full Mortality policy. It is not available as a standalone coverage.
Deductibles range from $250-$675, depending on the company, and apply on a per claim basis during the policy period.
This coverage will help reimburse you for your covered veterinary costs in the event your horse suffers a covered illness, injury, accident, or disease that requires life-saving surgery under general anesthesia. It may also pay a percentage of the medical costs related to the surgery, up to the coverage limit.
Policy limits are available at $5,000, $7,500, and $10,000 depending on the company. Premiums begin at $150.
Coverage is usually available for horses from the ages of 31 days to 20 years, depending on the insurance company. This coverage is usually added to Full Mortality policies for older horses that are no longer eligible for Major Medical/Surgical due to their age.
This coverage will reimburse you for a percentage of your proven breeding stallion's insured value in the event he can no longer settle mares in foal due to a covered accident, sickness, or disease. A veterinary exam as well as breeding history will be required--coverage is not available for unproven stallions.
Coverage is usually available for horses between 3-14 years of age, depending on the insurance company.
All information on this website is for basic informational purposes only, and does not constitute advice or any guarantee of coverage from Broadstone Equine Insurance Agency. Contact our office directly at 888-687-8555 or info@BroadstoneEquine.com to speak with an agent for complete and current information regarding all coverages.