Equine Mortality Insurance

Policy Coverage

Equine mortality insurance is a specialized type of insurance designed to protect horse owners from financial losses in the event of their horse's death. This insurance is akin to a life insurance policy for humans and is particularly important in the equine industry, where the value of a horse can be significant. The key aspects of equine mortality insurance are listed below.

1. Coverage: Equine mortality insurance typically covers the death of a horse due to various causes, including illness, accident, injury, or theft. Some policies may also cover euthanasia if it's deemed necessary by a veterinarian.
2. Value Assessment: The insurance policy is usually based on the horse's value, which can be determined by its purchase price, training, breeding history, and potential earnings. Insurers might require a recent purchase receipt, training and show records, breeding records, or an appraisal to determine the horse's value.
3. Additional Endorsements: Many policies offer optional coverages or endorsements, such as major medical coverage for veterinary treatments, surgical coverage, loss of use, and personal liability. These endorsements provide broader protection beyond the basic mortality coverage.
4. Cost: The cost of equine mortality insurance varies based on factors like the horse's value, age, health, and the type and scope of coverage. Premiums are typically a percentage of the horse’s insured value.