Equine Insurance

Equine major medical and surgical insurance helps the horse owner manage the risk and expense of horse ownership.

This type of insurance, which provides coverage for the reasonable and customary veterinary fees due to accident, illness, injury, disease, or lameness, can only be purchased as an endorsement to an existing mortality policy. In the case of colic surgery, the coverage on this policy is in addition to the $3000 to $5000 limits on the typical mortality policy.

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Horses are purchased for a variety of reasons. Most performance horses are purchased to perform a specific function at a specific level, often with the hope that they will improve their level of performance at that function over time.

If a horse becomes totally and permanently incapable of fulfilling the function or functions for which it is intended, as stated on the mortality insurance policy, but is not in a situation that requires humane destruction, then the owner can potentially experience a financial loss. A “Loss of Use” extension on the mortality policy will pay a percentage of the mortality limit (depending on the insurer) to cover this loss.

Over time, this coverage has become increasingly hard to get. Subtle changes, like some of those due to EPM are hard to document, and horse owners and insurance companies may have a difference of opinion.

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Equine stallion fertility insurance can take some risk out of breeding. For most stallion owners, horses are big business often requiring a significant financial commitment. There can be considerable income to be made from stud fees, whether for live cover or artificial insemination.

Equine stallion fertility insurance is available for a stallion’s owner/shareholders to replace the income his/her stallion generates for them in the event the stallion is either no longer able to physically breed a mare or is no longer able to get the mares in foal that he breeds. Problems affecting a stallion’s fertility are varied and can be difficult to diagnose. They usually fall under one of three categories: accident, sickness, or disease. As a result, stallion fertility insurance is commonly referred to “ASD” coverage for stallions who have a successful history of breeding.

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The costs involved in producing a foal which include the stallion fee, the cost of upkeep for the mare for a year, veterinary and blacksmith bills, and the lost income if a mare misses producing a foal for a year can be significant. A commonly used method to offset these potential costs is to purchase “foal” insurance.

There are three distinct phases or age ranges in a foal’s life that can be insured by a mortality policy: prospective foal insurance, foal mortality insurance and standard equine mortality policy.

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Transporting your horse can be dangerous, whether your horse is going from one state to another or from one country to another by truck or by airplane. Equine Trip Transport Insurance (available only for international travel) covers against the financial loss of the established value of the horse if it were to die while being transported. Simply, it is life insurance for the insured horse while it is in transit.

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Holding a public event can be complicated and involve many people to assist, participate, and spectate. The presence and use of horses and other animals in unfamiliar surroundings with a lot of activity and stimuli adds to the risk. A lot is happening in a short period of time, and there is a fairly high potential for incidents and accidents to occur.

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