Not all equine insurance is created equally. As with every type of insurance, the devil is in the detail. While the price of coverage is an important component of choosing the right insurance company, nothing is more important than understanding exactly what you are purchasing and how you will be treated in the event of a loss.
We can help guide you through the maze of coverage options and the important differences in key insurance provisions. We believe our products provide the broadest coverage available on the market, and we’ll be happy to help you select the best protection for your horse(s).
A summary of our primary coverage options are listed on the right.
We also offer a number of other coverage options that are tailored to unique situations including, but not limited to, Horse Owner’s Liability, Overseas Transit Coverage, Frustration of Import and Loss of Stallion Income.
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Also sometimes referred to as “Full Mortality” or “All Risks Mortality,” this policy reimburses you the Agreed Value in the event your horse dies, is stolen, develops severe ataxia (loss of coordination) or is humanely destroyed (if a veterinarian determines your horse should be euthanized for humane reasons as defined in the policy) .
The policy covers all causes of death, theft, severe ataxia and humane destruction that are not specifically excluded. Subject to a veterinary examination (or a Declaration of Health for horses valued $25,000 or less), coverage is available for any horse between the ages of 24 hours and 18 years (and we will consider coverage for horses up to age 26).
The most common causes of death (and humane destruction) include fractures, complications from colic and laminitis, but there are countless accidents, illnesses and diseases that can unexpectedly take your horse’s life. Nothing will replace your love for a horse, but Full Mortality insurance is essential if you want to protect your investment. If you are shopping different prices for Full Mortality coverage, it is vitally important that you understand exactly what you are purchasing and how you will be treated in the event of a loss. Do not be afraid to ask your agent for a copy of the policy language before you bind coverage. To see a summary of the advantages of our Full Mortality coverage, click on the following link: NAS Full Mortality Policy Advantages.
Reimburses you the Agreed Value if your horse dies from causes that are specifically listed in the policy, such as lighting, fire, windstorms, floods, explosions, etc. The policy is more restricted than a Full Mortality policy. It does not include coverage for illnesses and accidents that are the most frequent causes of horse deaths.
Essentially health insurance for your horse, this “endorsement” (basically an “amendment”) to the Full Mortality policy reimburses you up to $10,000 for fees associated with surgery or medical expenses.
Our Major Medical coverage includes a $250 per occurrence deductible and reimburses you for 75% of the reasonable and necessary medical, surgical and aftercare treatment by a licensed veterinarian necessitated by accident or illness. A minimum of $25,000 Full Mortality coverage is required to qualify for Major Medical coverage.
There are two Loss of Use endorsements which can supplement the Full Mortality policy.
Full Loss of Use
Reimburses you with 75% of the Agreed Value in the event your horse becomes permanently incapable of fulfilling its intended use or function because of accident, illness or disease.
External Injury Loss of Use
Similar to the Full Loss of Use endorsement, except the cause of the loss must be from an injury that is sudden, external, accidental and violent.
Neither Loss of Use endorsement is available for race horses or horses being trained to race. Examples of injuries/illnesses that might allow recovery under the Full Loss of Use coverage include severe tendon or suspensory injuries, severe degenerative arthritis, severe neurological problems, degenerative laminitis, etc.
There are two primary types of coverage related to a mare’s inability to produce a foal.
Prospective Foal Policy
Reimburses you if a mare, after 42 days gestation, fails to produce a live foal (for any reason not excluded) or if the foal dies in the first 24 hours after birth.
Prospective Foal coverage begins once a mare has been verified (by a veterinarian) to be in-foal for at least 42 days from when she was last bred. The amount of coverage usually reflects the value of the stud fee, but it might also include reasonable anticipated profits from the sale of the prospective foal. The premium rate is based on several factors including the mare’s age, breeding history and stage of pregnancy.
Conception and Prospective Foal Policy
Reimburses you if a mare fails to either conceive, produce a live foal (for any reason not excluded) or if the foal dies in the first 24 hours after birth.
There are two primary types of coverage related to stallion fertility.
First Season Infertility (“FSI”)
This policy reimburses you the Agreed Value when a stallion in his first breeding season is unable to achieve a satisfactory conception rate (usually 60%) from his booked mares. If you are considering this coverage for your stallion, please call us prior to the stallion’s first breeding season to discuss your options and how the coverage operates.
Accident, Sickness or Disease (“ASD”)
This endorsement to a Full Mortality or FSI policy reimburses you the Agreed Value when a stallion or stallion prospect becomes permanently and totally impotent, infertile or incapable of breeding due to an accident, sickness or disease suffered during the policy period.
A stallion or a stallion prospect can often incur an injury, sickness or disease which does not result in death or require humane destruction. However, the injury, sickness or disease could render the stallion permanently infertile, impotent or incapable of breeding mares. Common examples include permanent damage to the stallion’s genitalia resulting from the kick of another horse, permanent infertility due to a venereal disease or a physical injury that permanently prevents the stallion from mounting a mare.