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Horse and Farm Insurance
Equine insurance including mortality, major medical, surgical and loss of use insurance. Property insurance for your barns, sheds, machinery, farm equipment, tack and livestock.
For a professional equine business, liability insurance to cover your home and your horse operation, on and off your premises, including such operations as boarding, custody and control, breeding, racing, training, transit, horse shows, and riding instruction.
Individual Horse Owner's Liability
As an individual horse owner, it is important to be covered for any property or bodily damage that your horse might cause. Homeowner's insurance or blanket liablility insurance may or may not cover this liability so it is best to understand your present insurance coverage before shopping for additional liablility insurance. Consult your insurance agent if you have any questions.
The coverage amount you select will depend on the amount of assets you want to protect and should include coverage that pays all amounts you may legally obligated to pay for bodily injury and property damage arising from horse ownership, plus legal fees.
Commercial Equine Liability
Commercial liability is needed by those who perform any commercial equine activities such as boarding, instruction, training, and breeding. Coverage protects against lawsuits from a third party suffering injury or property damage. Any damage that exceeds your policy limits will come out of your personal assets so the more personal assets you have, the more coverage you need.
Equine Professional Liability Coverage
Equine Professional insurance provides coverage and defense fees resulting from any negligent act, error, or omission by the insured's professional equine activities.
Mortality
Mortality insurance is based on an agreed value for a horse. The insurance company and the owner agree to the value of the horse at inception of the policy. Full mortality policies are designed to replace the lost horse.
The horse owner must weigh the cost of the premium against the value of each horse in terms of replacement cost, or loss of revenue in the event of the horse's death. .
Major Medical
Major Medical insurance is available to owners who have insured their horse for mortality. Major medical insurance reimburses the veterinarian's fees for surgery, major illness, and disease. Major medical is worth it to the horse owner without a lot of cash on hand. Deductible and per year limits vary by policy.
Loss of Use
Loss of use insurance is important for those who use their horses for livelihood. It provides a cash benefit if your horse becomes totally and permanently incapable of fulfilling the functions for which it is used. Most policies pay a percentage of the horse's value upon determination that it can not be used in the way stated on the policy. Some policies reserve the right to take the animal upon payment. Other policies provide for payment but allow the owner to keep the horse.
Take Action
Contact an equine insurance specialist to discuss your needs now. Later may be too late.
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