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.
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