Hi everyone!
If you remember, before the holidays we began our blog posts talking about different types of Equine Insurance. Today, we would like to finish that blog segment by talking briefly about Health Insurance and other types of Insurance that equestrians should consider. Enjoy!
Health Insurance
Another type of insurance that owners of valuable horses might consider is Major Medical and Surgical coverage. This insurance can help you pay for major surgeries and medical procedures. It does not cover you for vaccinations, care for mares and foals, or other routine veterinary procedures. What is, and is not covered under these policies varies widely and your horse may have to pass an exam. Again, there may be specific processes for making a claim, so be sure you know exactly what your policy includes and what must be done to complete the claim.
Other Types of Insurance
Other types of equine-related insurance include Loss of Use, which tends to be an expensive insurance, mainly for performance horses should they sustain an injury or illness that renders them unfit for use. Shipping insurance can be purchased for horses being transported-say breeding stock being imported from another country, or a show horse being hauled across several states. Horse trailer insurance may be purchased to protect you should your trailer be damaged in an accident. Coverage can also be bought for tack and equipment.
Whatever insurance you buy, be sure you understand exactly what you are purchasing and what you are signing for. Your insurance agent should be able to explain any terms you do not understand. If you use your horse for any type of equine-related business, such as breeding, lessons, trail rides, or you board horses, you need to talk with your agent about commercial insurance that will protect you and your employees.
To view the full article, click here.
Monday, December 30, 2013
Monday, December 23, 2013
Happy Holidays & Best Wishes for the New Year!
On behalf of everyone at Associations Underwriters, Inc. and Ziplow Horse Insurance Agency, we would love to wish you a very Merry Christmas and Happy New Year! We hope that you are able to enjoy this holiday season and have a successful 2014. We couldn't be happier with all the continued support from our clients and we look forward to serving you in 2014.
Monday, December 16, 2013
Types of Equine Insurance: Part 2
Happy Monday everyone!
Today we continue where we left off last week, talking about different types of equine insurance. For today's blog, we are focusing on a not-so-happy subject, Mortality Insurance.
Mortality insurance is typically purchased by those owning horses they've paid a lot of money for. Mortality insurance is coverage for accidental death or theft. The death must not be caused by any negligence on your part-for example, starvation or pasturing the horse in an unsafe place. Things like lightening strikes, broken legs due to riding or pasture accidents (as long as it can't be proved this occurred because of negligence), fire, windstorms, drowning, building collapse, trailer accidents that aren't your fault, and diseases may be covered depending upon the policy. Depending on the level of coverage you wish to purchase, your horse may need a veterinarian exam.
The cost of your coverage will depend on the horse's value which is calculated by things like age, pre-existing conditions, soundness, what the horse is used for, and if it is branded. Exactly what is covered varies, so peruse the information carefully so you understand precisely what protection you are buying and your exact obligations, should your horse die. You may have to present a certain type of proof, within a specific time frame, so be sure you understand what the requirements are.
Did this help your understanding? Stay tuned for Part 3 next week!
To view the original article, click here.
Today we continue where we left off last week, talking about different types of equine insurance. For today's blog, we are focusing on a not-so-happy subject, Mortality Insurance.
Mortality insurance is typically purchased by those owning horses they've paid a lot of money for. Mortality insurance is coverage for accidental death or theft. The death must not be caused by any negligence on your part-for example, starvation or pasturing the horse in an unsafe place. Things like lightening strikes, broken legs due to riding or pasture accidents (as long as it can't be proved this occurred because of negligence), fire, windstorms, drowning, building collapse, trailer accidents that aren't your fault, and diseases may be covered depending upon the policy. Depending on the level of coverage you wish to purchase, your horse may need a veterinarian exam.
The cost of your coverage will depend on the horse's value which is calculated by things like age, pre-existing conditions, soundness, what the horse is used for, and if it is branded. Exactly what is covered varies, so peruse the information carefully so you understand precisely what protection you are buying and your exact obligations, should your horse die. You may have to present a certain type of proof, within a specific time frame, so be sure you understand what the requirements are.
Did this help your understanding? Stay tuned for Part 3 next week!
To view the original article, click here.
Tuesday, December 10, 2013
Types of Equine Insurance: Part 1
Good morning everyone!
For those of you who are new to the equine industry, or have just purchased your first four-legged athlete, you may be wondering what the difference is between the types of equine insurance. Although we try our best at all times to not only serve our clients, but make it easy for them, sometimes "insurance lingo" can get a bit confusing.
If you own a horse, even if you don't ride or drive it, you should consider buying insurance. The offerings of insurance companies can be very confusing, leaving you wondering what type of insurance would be best in your situation. There are basically three types of insurance you can buy for the backyard horse, not being used in any business activity: mortality, health and liability. Of these three, liability insurance is the most important for the backyard horse owner who does not use their horse for any business-related activities.
Today we will talk about part 1, Liability Insurance:
Liability Insurance
Liability insurance is intended to protect you should your horse hurt someone else. Most homeowner's insurance policies do not cover horse-related accidents. So check your policy and ask your broker or agent to be sure. You may purchase separate insurance, or you may be able to add liability insurance to your existing homeowner's policy. The cost of coverage varies. Cost can be as low as two million dollars worth of liability insurance for about $30 per year. Liability insurance usually covers damage your horse may do to another property such as rearing on to someone's car and denting the hood (I've seen this happen). And liability insurance covers any injury or death caused by your horse, such as your horse kicking someone who walked too close behind at a horse show. Liability insurance of this type may not cover you for any money making use of your horse, such as your horse is used for lessons or pony rides for which you are paid.
Did this help at all? Stay tuned for Part 2 next week!
To see the original article, click here.
For those of you who are new to the equine industry, or have just purchased your first four-legged athlete, you may be wondering what the difference is between the types of equine insurance. Although we try our best at all times to not only serve our clients, but make it easy for them, sometimes "insurance lingo" can get a bit confusing.
If you own a horse, even if you don't ride or drive it, you should consider buying insurance. The offerings of insurance companies can be very confusing, leaving you wondering what type of insurance would be best in your situation. There are basically three types of insurance you can buy for the backyard horse, not being used in any business activity: mortality, health and liability. Of these three, liability insurance is the most important for the backyard horse owner who does not use their horse for any business-related activities.
Today we will talk about part 1, Liability Insurance:
Liability Insurance
Liability insurance is intended to protect you should your horse hurt someone else. Most homeowner's insurance policies do not cover horse-related accidents. So check your policy and ask your broker or agent to be sure. You may purchase separate insurance, or you may be able to add liability insurance to your existing homeowner's policy. The cost of coverage varies. Cost can be as low as two million dollars worth of liability insurance for about $30 per year. Liability insurance usually covers damage your horse may do to another property such as rearing on to someone's car and denting the hood (I've seen this happen). And liability insurance covers any injury or death caused by your horse, such as your horse kicking someone who walked too close behind at a horse show. Liability insurance of this type may not cover you for any money making use of your horse, such as your horse is used for lessons or pony rides for which you are paid.
Did this help at all? Stay tuned for Part 2 next week!
To see the original article, click here.
Monday, December 2, 2013
Did You Know? States we are licensed in!!
Hi everyone!
Did you know that we are licensed in over 30 states?! That's right! We not only provide insurance in Maryland, but we also can serve the following states:
-California
-Colorado
-Connecticut
-Delaware
-Florida
-Georgia
-Illinois
-Indiana
-Iowa
-Kansas
-Louisiana
-Maine
-Maryland
-Massachusetts
-Michigan
-Minnesota
-Nebraska
-New Hampshire
-New Jersey
-New Mexico
-New York
-North Carolina
-North Dakota
-Ohio
-Pennsylvania
-Rhode Island
-South Carolina
-Tennessee
-Texas
-Vermont
-Virginia
-West Virginia
The list is growing constantly, so if you are looking for an equine insurance agent, please feel free to contact us! You can email me at: pcohen@auizhi.com OR call (800)822-2202
Did you know that we are licensed in over 30 states?! That's right! We not only provide insurance in Maryland, but we also can serve the following states:
-California
-Colorado
-Connecticut
-Delaware
-Florida
-Georgia
-Illinois
-Indiana
-Iowa
-Kansas
-Louisiana
-Maine
-Maryland
-Massachusetts
-Michigan
-Minnesota
-Nebraska
-New Hampshire
-New Jersey
-New Mexico
-New York
-North Carolina
-North Dakota
-Ohio
-Pennsylvania
-Rhode Island
-South Carolina
-Tennessee
-Texas
-Vermont
-Virginia
-West Virginia
The list is growing constantly, so if you are looking for an equine insurance agent, please feel free to contact us! You can email me at: pcohen@auizhi.com OR call (800)822-2202
Subscribe to:
Comments (Atom)