If you own a horse, you have a financial investment you should protect.
An Equine Mortality policy is designed to protect your financial investment in your horse(s). The intent of the coverage is to lighten the burden of losing a horse due to an unforeseen/unexpected accident, injury, disease or illness.
Most horse owners feel insurance is too expensive. Truth is, if you own a horse and could not afford to replace it or pay thousands in vet/hospital bills you should seriously consider investing in Equine Mortality coverage.
*To obtain Major Medical coverage, you must carry Mortality coverage.*
Major Medical coverage is designed offset the cost of vet bills for first occurrence emergency major medical expenses, such as unforeseen/unexpected accidents, injury, disease or illnesses.
This could include but is not limited to coverage on Colic surgery, Laminitis treatment, Gastric Ulcers, diagnosing and treating Lamenesses, etc.
Please note: preventative treatment such as worming, coggins, and routine physical exams, shoeing, dental work, injections and farm calls are not covered. This coverage is typically available for horses 31 days -15 years old.
What is not covered under a Equine Mortality and Major Medical policy
Transportation : Veterinary travel and farm call charges are not covered.
Birth Defects : Developmental, growth, nutritional and congenital conditions, including but not limited to: cryptochid, umbilical hernia, corrective treatments for contracted tendons, or club foot.
Voluntary Surgery :Including but not limited to: correcting laryngeal hemiplegia, correcting entrapment of epiglottis, neurectomy, castration, caslicks and any cosmetic procedures.
Alternative Therapies : Including but not limited to: chiropractic, massage, acupuncture, whirlpool, treadmill, and laser and magnetic therapies. (Varies by company)
Dental Services : Unless necessitated by a visible, external, accidental and violent means injury.
Farrier Services : Regardless of whether or not medically necessitated.
Joint Treatment for Maintenance : Including but not limited to: injections of synovial fluid, simulators or replacers including corticosteroids and anabolic steroids.
Radial Shock Wave Therapy : Broad spectrum is typically covered.
Post Mortem or Necropsy Procedures : Which are almost always required when a horse dies or is euthanized.
Treatment rendered more than 90‐120 days prior to notifying the company of the condition.
(The time frame varies depending on your insurance company)
Additional Coverage Options
This coverage can be added if the full major medical coverage is not desired or too expensive. This is an endorsement provides coverage for the expense of surgery necessitated by accident, injury or illness.
According to the insurance companies the term surgery refers to medical treatments that require the horse to undergo anesthesia. Annual limits range from $2,500 to $10,000.
Trip Transit and Extended Territory Coverage
This coverage is added when an insureds horse is traveling out of or into the United States. Trip Transit covers the horse when traveling in the air on a plane. While, Extended Territory covers the horse when on land outside of the continental United States. Please note: Some parts of the world are considered “un-insurable areas.”
This coverage is typically offered to horses over the age of 19 that can no longer qualify for standard Mortality coverage. It covers the horses investment in the case of death as a result of specific named causes, such as fire or lightning. This also includes coverage for theft.
Loss of Use
This coverage pays the insured up to 50-70% of the insured value of the horse if the horse is found totally and permanently unfit for the use specified in the declarations. This endorsement requires additional veterinary examinations x-rays, and is typically only available to “Actively Competing Horses.”
FREQUENTLY ASKED QUESTIONS
Exclusions & Previously Existing Conditions
Q: How does Equine Insurance differ from more traditional insurance policies?
A: Equine Insurance is very different from your home, auto, and health insurance policies. If you have a claim during the year, it does not result in surcharges. Instead, you will likely end up with an exclusion on your policy. Likewise, if your horse has a previously existing condition, it is likely to show up on your Equine Mortality policy as an exclusion.
Q: What is an exclusion?
A: An Exclusion give the company the right to deny coverage for potential injuries, accidents, or illnesses. Exclusions are put on new policy's with horses that have a pre-existing conditions. For example, If the a horse has experianced a colic in the last few years, an exclusion for "Colic" would most likely be put on the policy, and the company will not pay out on a claim related to a colic. They are usually worded on the policy as such:
"It is hereby understood and agreed that any loss or death as a direct or indirect result of the following condition(s) is/are hereby excluded with respects to the horses and coverages that follow..."
Q: Do exclusions last forever?
A: Exclusions can be removed from a policy on a case-by-case basis. Other exclusions may last forever. It often depends on the nature of the exclusion and how long ago the condition began.
Q: Where do these exclusions come from?
A: Exclusion wording can come from information provided on your application, information provided by your veterinarian on the pre-purchase exam, previous claim activity, or even previous insurance information known about the horse.
Q: How do I know if my policy will have exclusions?
A: We will know what, if any, exclusions will be placed on your policy at the time of binding. If you find that the exclusions are such that you do not want the policy, we can cancel the bind and negate the policy (as long as it is done within 30 days of the effective date with no claims having been filed).