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Equine Mortality FAQ’s

 

When and how do I report a claim? How am I paid for a Major Medical claim?

We tell all of our clients to be sure to call the claims number attached to your policy whenever you have “other than a routine” vet call. In addition, an Independent Equine Agents’ representative is available 24 hours a day, 7 days a week at (800) 346-8880. Be sure to call within the time requirements stated in your policy.

Once you have reported the claim, a representative from your insurance company’s claims department will be in contact with you. You will be advised to submit all medical bills. Once you have paid your veterinarian, the company will reimburse you less the Major Medical deductible and any co-payments that may apply.

 

I have recently purchased a horse. How can I establish the horse’s value?

For recent purchases, the purchase price establishes the horse’s insurable value to protect your investment.

 

I purchased a horse a few years ago. Since I bought the horse, the value has increased with training and show performance. Can I insure the horse for more than the purchase price?

Insurance companies will allow an increase in value. In this instance, value is determined by the horse’s current fair market value through sale price, show record, etc. Proper documentation must be provided to company to prove the increase in value. A Justification of Value form and Statement of Health form will need to be submitted for approval. A Veterinary Certificate is not required unless the horse has been ill or injured or valued greater than $100,000.

 

I have a foal that I bred and would like to insure. How can I establish the foal’s value?

Normally, homebred foals can be insured for two times the stud fee paid. Some exceptions can be made when considering the breeding pedigree.

 

How do I begin Mortality coverage for my horse? What paperwork do I need to provide? Is a vet exam required?

Call us at (800) 346-8880 or email us at info@independentequineagents.com to inquire about insurance coverage. To give you a quote, we will need some information on your horse (age, breed, sex, intended use, value/purchase price) along with your contact information.

We can bind coverage for fire, lightning and transit until an acceptable Application, Statement of Health form or Veterinary Certificate (whichever is required) has been received. A Veterinary Certificate is not required unless the horse has been ill or injured, valued greater than $100,000 or over 30 days old (some exceptions may apply). Please contact us for a quote first and then we can direct you through the process.

 

After coverage is bound, what’s the next step? How soon do I need to remit payment? Are payment plans available?

We will send a temporary insurance binder for 30 days coverage. During this time, the necessary paperwork and premium payment must be remitted. You can pay online at our website with a credit card or send a check made payable to Independent Equine Agents. Payment plans are available. Please consult your agent for installment options.

Once the paperwork has been submitted, approved and processed by the company, the policy will be mailed/emailed to you. We encourage you to review your policy and call the claims number whenever you have “other than a routine” vet call.

 

What age can I begin insuring my horse? And how long can I maintain coverage?

We begin insuring horses as early as 24 hours old and can maintain insurance through 20 years of age. However, once the horse reaches 15 years of age, rates begin to increase and values may decrease with each year. Foals also have higher rates until they reach 90 days old.

**Major Medical and Surgical coverage is available at 30 days old through 20 years of age.

 

Are there certain disciplines that may not be eligible for coverage?

Horses used for racing or intended to race are not eligible for Major Medical or Surgical coverage.

The use or intended use of your horse must be stated on your application. Should the intended use change during the policy period, please notify us. An additional premium may be due or you may be entitled to a refund.

 

How do I make changes to my policy during the coverage period?

You can make adjustments to your policy by consulting one of our Independent Equine Agents’ representatives. They will be able to advise you through the endorsement process and send any necessary paperwork to fulfill your request. Please note some restrictions may apply.

 

If I travel to another state for a horse show, will my horse be covered? What if we are traveling to another country or I decide to buy a horse from another country?

Once coverage is in place, the insurance will follow your horse anywhere in the United States and Canada.

Mortality, Major Medical and Surgical coverage only protectS the horse while it is in the United States and Canada. However, with approval from the insurance company prior to travel, coverage can be extended to protect the horse while in other countries for an additional premium. The company will need flight information such as travel dates, departure and arrival locations, transportation company, etc. Quarantine expenses are not covered.

 

Can I obtain Major Medical and/or Surgical coverage without purchasing Mortality coverage?

No, all insurance carriers require that you purchase Mortality coverage in order to purchase Major Medical and/or Surgical coverage.

 

How are Mortality rates determined?

Mortality rates are determined based on the age, breed, sex and intended use of the horse. Contact us at (800) 346-8880 or info@independentequineagents.com and we can advise you with the best rates and coverage possible.

Should my horse have a problem during the policy period, will I be able to renew the policy?

The company will often renew the policy, however, they are likely to place an exclusion on the policy for any pre-existing condition.

When there is a claim during the policy period, a Veterinary Certificate will be required at renewal. Your vet will need to make specific comments regarding the horse’s injury/illness, stating the recovery and prognosis.

 

What is needed for coverage if I lease a horse or have an additional insured?

If you are either the lessee or the lessor, we will need a copy of the lease agreement and the contact information of the other party.

If you have an additional insured added to the policy, we will also need their name and contact information.

Should there be a claim during the policy period a check would be made out to both parties as their interest may appear.

 

Does my Mortality policy cover any liability exposure?

The Mortality policy does not cover any liability exposure. However, we do offer Horse Owners Liability coverage. This is third party liability to protect you in the event that your horse causes injury or property damage to others for which you would be legally liable. If liability coverage is desired, you would need to complete the Equine Personal Liability application.

***Information on this website is for general information purposes only. It does not ensure coverage from Independent Equine Agents. Contact us at (800) 346-8880 or info@independentequineagents.com to speak to an agent for current information regarding your specific insurance needs.

 

Farm & Liability FAQ’s

 

Why would I need a Farm/Ranch Owner’s policy versus a Homeowner’s policy?

Homeowner’s policies may not cover your equine-related operations. A Farm Owners Package policy will cover your home, personal property and personal liability just as a Homeowners policy would. Coverage is extended with a Farm Owners policy to cover your barn, arena, outbuildings, tack, equipment, machinery etc. and includes commercial equine liability for your business. There are a variety of optional endorsements to add to your Farm Owners Package policy to expand your coverage. To apply for a Farm Owners Package policy, please contact an Independent Equine Agent representative at (800) 346-8880. You will begin by completing the Farm/Ranch application and the Equine Liability application.

 

I have boarders at my farm but do not give any riding instruction. A few boarders receive lessons from their independent instructors/trainers a few times a week on the premises. Is it necessary that I carry liability coverage for this activity? Do the instructors need their own insurance?

You will need to be sure that your Equine General Liability policy reflects these operations since they are taking place on your property. If you do not have coverage in place, you should consider doing so to protect you in the event that an accident occurs during these activities. If coverage is desired, complete the Commercial General Liability application and submit it to us via mail, email or fax for a quote.

It is important you request that the independent instructors/trainers operating on your property have their own Commercial General Liability policy with limits at least equivalent to match your own coverage. It is also important that you be named as additional insured on their policy. Ask for a current copy of the certificate of liability insurance for your files, representing the requested limits of liability and you listed as additional insured.

You can also add the independent instructor/trainer to your Commercial General Liability policy as additional insured. Consult an Independent Equine Agent representative at (800)346-8880.

 

What liability insurance should I consider for my boarding operations?

You should consider a Commercial General Liability policy. This will protect you should property damage or bodily injury to others arise due to your commercial horse operations. Independent contractors should carry their own coverage with limits equal to yours and have you listed as an additional insured on their policy. Request a copy for proof of their liability insurance.

If non-owned horses are on the property, it would be essential to carry Care, Custody and Control coverage to protect you should you cause injury or death to a non-owned horse in you care for which you would be legally liable.

If you have workers on the premises, you should carry Worker’s Compensation coverage. Call us at (800) 346-8880 for more information.

 

If I have my boarders sign a stable release form, why would I need to carry liability insurance?

While it is important to have your boarders sign a release form, it does not substitute the necessity for liability insurance. A Commercial General Liability policy will help pay claims for which you are legally liable and also assist with defense costs.

 

The horses boarded at my farm are insured by their owners. Would I still need Care, Custody and Control coverage? How does it differ from Commercial General Liability?

Even though your boarders carry their own insurance, you wouldn’t be protected if a non-owned horse in your care is injured or dies due to your negligence. The client’s insurance company would pay their Mortality claim, but if negligence is suspected then the insurance company can file a claim against you to recoup their funds. A Care, Custody and Control policy would help pay the claim in respect to the policy limits and assist with defense costs.

Commercial General Liability excludes damage to property in your care, custody and control including non-owned horses. For this reason, it is important to consider Care, Custody and Control coverage should you become legally liable for injury or death of a non-owned horse in your care, custody or control.

 

I am an instructor/trainer. The stable I work from requires that I carry insurance. What liability coverage do I need to consider?

You will need to establish a Commercial General Liability policy. This policy protects you should property damage or bodily injury to others arise due to your negligence. Coverage will follow you to various locations including horse shows.

 

As an Independent Instructor operating on someone else’s farm, should the property owner be listed as an additional insured on my policy even though he has his own stable insurance?

For the property owner’s protection, he should be added to your liability policy as an additional insured since you are operating on his premises. If a claim is brought against you due to your negligence, the property owner would also be protected as his interest may appear.

 

I don’t own farm property, so my horses are boarded elsewhere. Is there a liability policy available for these circumstances?

Yes, you would want to consider Horse Owners Liability coverage. This is third party liability to protect you in the event that your horse causes injury or property damage to others for which you would be legally liable. To obtain Horse Owners Liability coverage, you would need to complete the Equine Personal Liability Application and submit it to us via mail, email or fax for approval.

 

Explain an equine liability policy to me. What will be covered?

An equine liability policy is third party liability. First party is the insured and family members, second party are the vets, trainers, farriers, etc. and third party is everyone else. Should you be found legally liable for injury or property damage to a third party and a lawsuit is brought against you, an equine liability policy would help pay for damages and assist with defense costs.

 

Can I obtain liability insurance for just one horse show?

Sure, you would need to complete the Equine Event Liability application and send to us via mail, email or fax for a quote. The policy period will cover the requested show dates and extends to include a day before the show for move-in and two days after the show for move-out.

 

What insurance do I need for a riding club that is planning several club activities?

You will need to complete the Equine Clubs and Associations application for club protection and its members. An annual policy is designed to protect you should bodily injury or property damage occur to a third party as a result of an equine club related function or activity during the policy period.

***Information on this website is for general information purposes only. It does not ensure coverage from Independent Equine Agents. Contact us at (800) 346-8880 or info@independentequineagents.com to speak to an agent for current information regarding your specific insurance needs.