Do You Really Need Insurances For Your Horse?

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This is often the question that most horse breeding owners always ponder, but it is natural to have insurance ready in the event that financial losses are going to come. Horse owners have their horses insured in order to protect themselves from losing too much of their financial assets because they were not ready. Equestrians also have purchased their very own showjumping and eventing insurance so that they can protect their horse in the event of being stolen, got away or accidentally killed while on transit. Being a horse breeder, both your stallions and mares should be protected, too. There are times when stallions are infertile and cannot impregnate a single mare, which results to losses on your part. Thoroughbred insurance and stallion insurance are recommended to horse farm owners if they want to protect not only their financial assets, but also to protect your horses from the harsh unpredictability of Mother Nature.

First of all, you need to know what makes thoroughbred insurance and stallion insurance different from each other. Thoroughbred insurance policies cover the mortality of your equine investments, only in death and not against injury. It also covers the horse in the case when it becomes killed, lost or other policies include FLT or Fire, Lightning and Transportation. This one is a limited policy than the full mortality policy. This provides coverage to losses or deaths that are caused by transportation accidents, lightning, and fire. Death by disease or sickness is not covered in this policy, which makes it less expensive compared to the full mortality policy. There are certain cases in which insurance companies will not comply with your claims in the case that a number of your horses are killed in an unexplained way. Insurance companies investigate the case to see whether or not the situation calls for the insurance to cover it. When your horses are killed intentionally, you will lose the chance to get insurance coverage for it.

Stallion insurance is more geared towards the stallion’s ability to impregnate a mare. The mortality policy of stallion insurance covers the time when the stallion has become permanently impotent, infertile or loose the ability to impregnate the mares which is a result from a disease they contracted or from an illness and accident. Another policy included in this coverage insurance is the loss of income. Horse breed owners can insure from the loss of income which is resulted from their stallion unable to do their stud duties, especially during their breeding season. This policy is totally dependent on how the wording is written out, which can exclude or include the loss because of the stallion’s death.

Other than thoroughbred insurance and racehorse insurance, there are insurances for mares, too, especially if they are barren. It would affect your business and income if your stallion is very healthy, yet the mare is not. Insurance policies do not just hand out the claims if they see that there is nothing wrong with your stallion, yet the problem lies with your mare. You will also meet some policies that requires fifty mares per stallion to get it insured, although this can be arranged depending on the insurance company you are dealing with. To get the best out of your insurance policies, select at least three insurance companies before you settle with one, and compare their policies or coverages to see where you can get a good competitive price for your own protection and your horse breeding business.

Why You Need Showjumping and Eventing Insurance

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Why do you need showjumping insurance and eventing insurance? Why not just one of the two? If you are an equestrian and you have seen lots of accidents during the event, especially with horses, you will realize that you need insurance to protect your horse. It may be that your horse is already covered with its own insurance, but you might not have any idea that your horse insurance is short on coverage, especially when your horse gets into an accident during the showjumping event. It is your horse, and you have been partners with it since you started your equestrian adventure. It will be hard for you when an accident comes during the event and you do not have an insurance that will cover up the injuries and hospitalization needed for your horse. Even if you already have the horse insurance, it does not cover the accident that happened during the event. This is the reason why you need the showjumping and eventing insurance.

Showjumping insurance and eventing insurance go together if you are active in both activities. You could either only have the show jumping insurance if you only participate in showjumping activities. The same can be said with eventing insurance, but when you take a look at the policies listed under each of these insurances, you will find out that the contents are almost different from each other.

Take for example with showjumping insurance, in most insurance companies, they offer what is called the loss of use of your horse. It covers your showjumping horse from being permanently and rendered incapable of being able to perform. This is covered only when it is resulted from an injury or illness that happened or just started during the time of the showjumping insurance. Another insurance coverage is protection on the horse against permanently and no longer able to perform in which the result of the injury is due to violent and external ways. This is only applicable when you have already taken this insurance and purchased it for your horse.

As with any eventing insurance company, there are different types of coverage available. It covers mostly when your horse is going to an event and needs to travel. During these travels, the insurance will protect your horse against accidents when you and your horse are on transit. Some insurance policies also cover specialized protection, particularly in Europe. It is designed this way since there are a lot of eventing competitions going on there. You only need to specify your needs to your insurance company and they will arrange it for you.

You should also know that not every insurance company you meet will have the same kind of insurance policies offered nor do they have similar prices on it. When you hunt for insurance coverage for your horse, make sure that you collect at least three first. You can conduct an interview to see which of one of them is the best for your horse. The same also goes when you purchase insurance and another equestrian also has the same policy as yours and yet the prices are different.

5 Tips to Find The Right Bloodstock Insurance and Broodmare Insurance

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Interested of getting bloodstock insurance and broodmare insurance? Here is what you should do first before doing anything else, or before you pick the insurance company for your properties. It would be tough choosing the right one, but with these tips, it will be easier for you to choose right.

These are the 5 tips that will help you find the right insurance for your properties and insure yourself from any loss that nature can bring.

  1. Search Online – nowadays technology provides easy access to almost anything, and so is looking for the right insurance company for you. But before going into that, you have to make sure that you are dealing with the right people here. Online can be a bit tough because of the scams that are made by people too, so as much as possible find a website that provides more information that you can trust. If there is an address, then it would be easier for you to track and go personally to talk about it. There are many insurance companies that you can choose from, but you should choose the best and make sure you are not scammed. It would be helpful if you get information on social networking sites to get reviews and more information about their company; you can also get their website tracked if it provides negative reviews, scam, report or worst.
  2. Background Check – when you are already sure that the site or the insurance company is safe and trusted, then you can start a background check by asking the questions that you want to be answered. You can ask for your basic needs in insurance and in what extent they can provide their services.
  3. Coverage of the Insurance – every insurance in the world has coverage, and it is your responsibility as the owner to be knowledgeable enough about this matter. You should know if the price is right for the coverage or not. It is important that you get what you really need for your properties protection, not just pay the price to get insurance without even knowing if you are dealing it right.
  4. Policy – there are policies to be followed, and it is up to you whether you want to take their service insurance or not. In policy, it also includes the requirements that you will need in claiming your insurance, so you need to make sure that you are going to meet the needed things, or you agree in the terms.
  5. Claiming Your Insurance – in times of trouble, claiming your insurance is the best way to get back what you have lost. When you choose the right insurance company that provides your needs, gives you better or easy process of claiming, then you will surely be happy with the insurance company that you rely on.

When it comes to choosing the right insurance company for your needs, it will never be easy, and you can only rest your head when you are dealing with the right people, so take time to know the insurance company to make sure that you are really insured.

FAQ’s About Horse Insurance and Equine Insurance

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The thing about insurance is, during the selling period, it seems pretty simple enough to understand. All you need to know usually is what are the requirements to become eligible, what are the benefits covered, how much is the cost. This applies to all types of insurance, including horse insurance and equine insurance. However, when it comes to the signing of the contract and policy, when we look at the fine print, that is usually the time when every thing becomes a bit confusing and fuzzy, but a lot of people still decide to sign anyway, and their questions don;t get answered. So if you continue reading this article, we will try to answer as many frequently asked questions as we can about thoroughbred insurance companies.

If you are wondering if there is insurance offered for your beloved horse to make sure your investment is well protected, the answer s a big resounding YES! This is usually called Mortality insurance, and this coverage is given should your horse die from an accident, illness or injury. Death due to theft is also being covered in this policy. This is an equivalent to life insurance for humans.

Some breeders also wonder if their horses can also get some sort of health insurance coverage. An equivalent is usually called major medical insurance. But, this is usually an add on for another type of insurance, usually for Mortality insurance, and it cannot be purchased stand alone.

Horse lovers and breeders are usually aware that colic is one of those medical disorders that are common in horses, and for those who have more than one horse they want insured, a lot have been inquiring if their horses are still eligible for insurance even if they already have had colic. The answer to this question varies from one insurance company to another b,ut the generally accepted standard is, your horse may still be eligible for medical insurance if you will be able to provide a satisfactory colic statement or clean veterinary certificate of examination.  However, there will be an exclusion on your policy if your horse has had abdominal surgery.

Another common question that comes into mind is until what age can horses be insured? Again, this varies from company to company, but they generally offer Full Mortality insurance up to age of 20 years, but overage rates will increase the cost to insure once a horse is over 12 or 15, depending on the breed and use of the horse.

Some horse owners want to protect themselves from being sued if ever their goes on rampage and hurts people, or damages property, so they ask if some for of liability insurance is also being offered. The answer is yes, some stallion insurance companys offer equine liability policies, available for both private horse owners and commercial horse owners. This policy offers the owners protection when any one sues them for bodily injury, or damage to property that were cause by a horse that they own.