What is it:
This is the basis of most equine insurance policies. It is an all-risk mortality and theft policy.
What is covered:
Covers you for death or humane destruction of your horse caused by accident, illness, or disease occurring during the policy period. In most cases, guaranteed renewal and a $5,000 emergency colic surgery expense is included for horses 90 days through 15 years old.
Requirements:
In most cases, a vet check is required on horses less than 60 days old and horses over 16 years of age.
Examples:
You have a 9-year-old calf roping horse insured for $15,000. He is turned out with some other horses and breaks his leg. The vet says he has to be put down and he euthanizes the horse. Your policy pays you $15,000.
You have a 4-year-old barrel futurity horse insured for $30,000. The horse colics and after an unsuccessful attempt at surgery, dies. The vet bill is $4,000. Your mortality policy pays you $30,000 for the value of your horse, and the included emergency colic surgery endorsement reimburses you up to a maximum of $5,000 of covered charges for surgical and miscellaneous extras.
Examples are for information purposes only. Every case is unique. Contact an agent for details. (801) 389-7014
Cost:
The premium is based on horse value. The value is multiplied by the insurance rate, usually between 3.0% and 7% (based on age and use).