Equine Mortality Insurance-The Basics
If anything happened to your horse, could you afford to replace it? If not, or you’d rather pass the risk onto a third party, then Equine Mortality Insurance should fit the bill. Full equine mortality insurance covers your horse much like a life insurance policy and will protect you against your financial investment or the market value of your horse, should its life end prematurely due to certain specific events. Some cover can be extended over 12 months for illness or injury, during the initial coverage period.
When you’re searching for insurance, it’s important to understand not only all the details of your current policy but also what will happen to the rates and coverage for the upcoming year. This is particularly important when dealing with older horses; horse insurance rates will typically rise quite steeply, including cover for specific perils once your horse reaches a certain age. Even if your horse is around 13-15 years’ old and you haven’t looked at your insurance properly, then you should before it’s too late.
Under Equine Mortality Insurance, you have cover from the death of your horse resulting either directly or indirectly but not limited to:
Equine Insurance cover doesn’t include loss of profit, replacement cost or sentimental value as part of the insurable interest. Theft and emergency colic surgery may also be included in some policies and is becoming more common. Colic surgery cover typically has a $2500-$3000 limit, at no extra charge. Rates typically range from 3-5.5% based on a number of different factors including breed, the level of rider, the horse’s job (if any) any existing or prior medical conditions and a number of others, depending on each individual situation.
Some owners will look to get insurance on a horse that has had prior issues like colic surgery. Depending on the severity of the condition, the type of surgery carried out, the horse’s recovery and whether there has been any relapse, you can normally get insurance after a year, provided you have a clean bill of health from the vet. This, however, shouldn’t stop you from insuring your horse. Most insurance companies will still cover any losses from illness, transportation and many other situations but may have a colic exclusion amended to the contract.
If you’d like to find out whether you have the right insurance for your horse, please feel free to ask for a free quote and we’ll work with you to find the right product at the right price – guaranteed.
When you’re searching for insurance, it’s important to understand not only all the details of your current policy but also what will happen to the rates and coverage for the upcoming year. This is particularly important when dealing with older horses; horse insurance rates will typically rise quite steeply, including cover for specific perils once your horse reaches a certain age. Even if your horse is around 13-15 years’ old and you haven’t looked at your insurance properly, then you should before it’s too late.
Under Equine Mortality Insurance, you have cover from the death of your horse resulting either directly or indirectly but not limited to:
- Accidents
- Illness
- Transportation
- Colic
- Fractures
- Artificial Electricity
- Fire
- Collision
Equine Insurance cover doesn’t include loss of profit, replacement cost or sentimental value as part of the insurable interest. Theft and emergency colic surgery may also be included in some policies and is becoming more common. Colic surgery cover typically has a $2500-$3000 limit, at no extra charge. Rates typically range from 3-5.5% based on a number of different factors including breed, the level of rider, the horse’s job (if any) any existing or prior medical conditions and a number of others, depending on each individual situation.
Some owners will look to get insurance on a horse that has had prior issues like colic surgery. Depending on the severity of the condition, the type of surgery carried out, the horse’s recovery and whether there has been any relapse, you can normally get insurance after a year, provided you have a clean bill of health from the vet. This, however, shouldn’t stop you from insuring your horse. Most insurance companies will still cover any losses from illness, transportation and many other situations but may have a colic exclusion amended to the contract.
If you’d like to find out whether you have the right insurance for your horse, please feel free to ask for a free quote and we’ll work with you to find the right product at the right price – guaranteed.
