Frequently Asked Questions – Equine Mortality
How much will it cost to insure my horse?
What are the age restrictions on mortality insurance?
Under what circumstances will I have to have an exclusion for a pre-existing medical condition?
What is “Agreed Value”?
Can I increase the value of my horse at a later date?
What is “Actual Cash Value”?
What is “All Risk Mortality”?
Frequently Asked Questions – Professional Equine/Trainers Liability
Will the coverage protect me if I work or train at various facilities?
Does the general or professional liability policies cover trailering?
How much does it cost to add a landowner/facility as additional insured?
Can I add an assistant to my policy?
Can my partner and I share a policy?
What’s the deductible?
How quickly can I have my policy put into effect?
Does the general liability include care, custody or control coverage?
Can I increase the aggregate limit?
Q: How much will it cost to insure my horse?
A: The premium is based on a percentage of the agreed value to be insured and also depends upon the horse’s age, breed and discipline. Our rates range from 2.9% to 4.5% depending on the circumstances mentioned above.
Q: What are the age restrictions on mortality insurance?
A: If a horse is over 15 years old, it is considered to be over age. Over age horses may be insurable at higher rates and/or limited coverages.
Q: Under what circumstances will I have to have an exclusion for a pre-existing medical condition?
A: It depends on the severity of the condition. We will review the condition and medical report from your vet with our vets and make a determination based on the circumstances surrounding the case. In some cases it will be a temporary exclusion and in others it will be permanent.
Q: What is “Agreed Value”?
A: It is the value determined by you and Equisure based on purchase price, show records, training, sibling, Sire, dam and other relevant data. Once agreed to, there are no further questions in the event of a death claim with the exception of questions related to foul play.
Q: Can I increase the value of my horse at a later date?
A: Yes, by providing the proper documentation and show records we will increase the value at any time during the policy period.
Q: What is “Actual Cash Value”?
A: This is the alternative method of insuring a horse. Under this method the insurance company will determine the value at the time of death. There is no guarantee that the amount paid will be the same as indicated on the insurance policy as the amount insured. There is a guarantee that it will not be for more than the amount on the insurance schedule.
Q: What is “All Risk Mortality”?
A: All Risk Mortality (ARM) covers accidental death or death by an illness. We also cover 100% of the value for theft and 100% for a humane destruction.
Q: Will the coverage protect me if I work or train at various facilities?
A: Yes, the coverage is worldwide and covers you on your own property or while you freelance at other facilities, but the suit must be brought in the United States.
Q: Does the general or professional liability policies cover trailering?
A: No, they don’t, unless you’re transporting to and from a horse show relating to your professional activity.
Q: How much does it cost to add a landowner/facility as additional insured?
A: There’s no charge, but the request must be sent to Equisure in writing.
Q: Can I add an assistant to my policy?
A: Yes, for an additional annual premium per assistant we can add assistants as long as they are working under your direct supervision. If the assistant has their own clientele and receives direct payment from their customers with no instruction from you, they’ll need their own policy.
Q: Can my partner and I share a policy?
A: Yes, with an additional premium you and your partner can share our professional liability policy.
Q: What’s the deductible?
A: There is no deductible.
Q: How quickly can I have my policy put into effect?
A: It’s effective as soon as we receive your completed application and premium payment by mail or fax. If you’ve had a previous claim, your application will be reviewed by underwriting.
Q: Does the general liability include care, custody or control coverage?
A: Yes, there’s a $50,000 limit for animals in your care, custody, and control, and higher limits available for an additional premium.
Q: Can I increase the aggregate limit?
A: Yes. You can purchase higher limits by completing the application and sending it to us to rate. We can write up to $5,000,000 on the primary policy.