Good afternoon!
Continuing with our FAQ series, today we will give you a basic overview on the definition of Care, Custody and Control. Care, Custody & Control (CCC) covers boarded horses if one of those horses is injured or dies while in your care and you are found negligent. The policy provides for the mortality or medical care of the value of the horse, up to the limit of coverage you purchase.
For example, lets say the CCC coverage is $5,000 for a single instance, and $25,000 in aggregate. In that case, the CCC pays $5,000 for any horse not owned by you for illness, injury or death, caused by you unintentionally. Let's say you take a boarder's horse out to the arena or pasture for exercise and the horse bolts and runs into the road and gets injured or killed. This coverage then pays up to $5,000 for that accident, subject to a $250.00 deductible. On the other hand, if the owner is letting their horse out and the same circumstance arises, there is no coverage, because you had nothing to do with the occurrence. If several horses were injured, let's say by a fire, the maximum the company will pay at the coverage levels in this example is $25,000.
(information taken from mize.com)
Does that help your understanding at all? If not, feel free to let us help you and make sure you have the right coverage for your boarding operation! Visit us on the web at: http://equineinsuranceagent.com/
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