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 equine insurance coverages, as well as health and safety tips, visit our BLOG.
The equine Full Mortality policy is a life insurance policy for your horse. It provides coverage in the event the insured horse dies during the policy period due to a covered accident, injury, illness or disease during the policy period. It also includes 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 a horse ages.
The companies that we work with usually also include a free Emergency Colic Surgery endorsement as part of the mortality policy. The limit is usually 50% of the insured 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 only cover a portion 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 often referred to an Extended Named Perils or Limited Mortality coverage. This type of policy covers only 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, or flood. If your horse is still valuable, but ineligible for Full Mortality, you may want to consider this coverage.
In general 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 be the purchase price. If you have owned the horse for some time and believe he has increased in value, you may have the option to insure for more than the purchase price. To do this, you would need to submit a Substantiation of Value form (which can be found on the Forms and Application page), which would help you list competition and/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 initially 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 will likely 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, breed, 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 any of these situations to the insurance company 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 and your veterinarian 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 immediately, 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, lameness, illness or disease during the policy period. Typically a portion of the diagnostic and treatment expenses are covered, in addition to a portion of aftercare expenses, depending on the health issue the horse is experiencing, and the insurance company offering the coverage.
Coverage is typically available for horses from the ages of 31 days to 20 years, depending on the insurance company.
Coverage limits (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 available limits may apply depending on the horse's insured value or age. For example, most companies will not offer Major Medical/Surgical limits higher than the horse's insured value, and there are also age restrictions, though we work with one of the few companies in the marketplace that will considering offering Major Medical/Surgical regardless of the horse's insured value on the Mortality policy. This means that even for a horse that you insure for a value of $1,000 on the Mortality policy (such as a horse that you adopted, or an off-the-track Thoroughbred), 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, especially if the horse has been continually insured.
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 coverage limit, and apply on a per claim basis during the policy period.
This coverage will help reimburse you for covered veterinary surgical 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 horses that are not eligible for Major Medical/Surgical coverage.
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 that occurs during the policiy period. 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.