Equine Mortality Insurance
The Full Mortality equine insurance policy, also referred to as “All Risk”, will provide coverage on the life of the horse. “All Risk” is the broadest coverage form available, subject to exclusions which are stated in the policy.
Your horse is covered for death due to accident, injury, illness, disease or humane destruction (when deemed necessary by a veterinarian) and theft. In addition, companies may include up to $5,000 in colic surgery expense at no extra charge.
Is my horse eligible for equine mortality insurance?
Horses from 24 hours of age to age 20 are eligible, depending on the carrier. They must be sound and must have a substantiated economic value as indicated, for example, by show records. Note that in general horses can only be insured for their actual purchase price during the first year of ownership.
Requirements to begin equine mortality insurance coverage: A completed signed application is required for new and renewal business along with information to substantiate the insurable value. Depending on the value of the horse and any pre-existing conditions, either a Health Statement completed and signed by you or a current Veterinary Certificate of Examination will be required. Usually, the vet exam can be waived on sound horses valued at $100,000 or less, depending on the requirements of the insurance company.
Important Note: There are additional requirements for foals under 31 days of age. Please contact our agency for more information.
Cost: The cost to insure for Full Mortality depends on the risk – the age of the horse, breed and how the horse is used. For example, the rate applied to new born foals will be higher than the rate on a mature horse. The rates on hunters or jumpers are usually higher than on horses that are not used over fences. Overage rates may apply after age 13, again depending on the carrier. Minimum policy premiums apply.
Note: Detailed information is needed when requesting a quote.