Today, we are continuing our blog series for our client base, with explanations of our coverage. Remember, if you are not a current client, or would like to become one, please visit us online at: www.equineinsuranceagent.com! We would love to help you!
This coverage implies that the company will pay up to the value insured for full mortality or the
current market value (whichever is less), if the stallion becomes totally and permanently infertile,
impotent or incapable of servicing mares due to an accident, sickness, or disease. The problem
that has caused the infertility must have occurred and been reported to the claims department
during the policy period. If the stallion is between 3 and 15 years old and his testicles are of
normal size and consistency as confirmed by a veterinarian, by way of a vet exam, the horse can
be eligible for this coverage. If a claim is paid the company will take full ownership of the
stallion. The premium rate charged is 0.50% of the stallions insured value. To qualify for this
coverage, the minimum value of the stallion must be $25,000.
Named and Optional Perils
This is a lesser coverage than what is provided by Full Mortality coverage. This covers the horse
for death or humane destruction due to Fire, lightening, transportation accidents (within the
continental USA and Canada) and theft of the horse, explosion, smoke, windstorm, riots,
earthquake, volcanic eruption, and floods. Optional Perils can also be included and they include
accidental shooting, accidental drowning, artificial electricity, attack by dogs or wild animals,
and collapse of buildings. The rate for breeding & pleasure use animals is 0.75% or for race and
show animals 1.00%.
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