Equine mortality insurance protects you against financial loss due to the untimely death of your animal. You may insure your horse (or one you have leased) for it’s actual value or a lower value if you prefer. The two types of livestock insurance available for horses are full mortality and named perils. As the names indicate, they differ in the causes of loss that are covered.
Full Mortality is also known as “all risk” coverage. It covers death due to any cause not specifically excluded by the policy. It may be written on either an “agreed value” or “fair market value” loss settlement basis. Full mortality policies generally include some level of emergency colic surgery coverage. Additional coverages such as major medical, surgical (two types of horse health insurance), stallion permanent disability and loss of use may be added to a full mortality policy. Animals covered by a full mortality policy must meet certain age and health criteria in order to be eligible for coverage.
A named perils policy covers your horse for those causes of loss specifically listed in the coverage form. Much more narrow in scope than a full mortality policy, named perils only covers accidental death. Death caused by a medical problem such as colic is not covered. Named perils is typically used when covering older horses (over age 18-20), a large number of animals on a single policy, or when the cost of full mortality isn’t economically viable.
Equine Insurance Specialists offers mortality insurance from several programs, allowing you to choose the coverage and carrier that best fits your needs. Click on the links below to learn more about each of the programs available.
American Reliable Insurance Company – Written on an admitted basis in forty-eight states and District of Columbia through American Reliable Insurance Company.
Great American Insurance – Written on an admitted basis in forty-eight states and District of Columbia through member companies of Great American Financial Group, Inc.
Berkley Equine & Cattle (StarNet) – Written on an admitted basis in forty-eight states and District of Columbia through member companies of the W.R. Berkley Corporation.
American Equine Insurance Group, Ltd. – Written on an admitted basis in forty-eight states and District of Columbia through Argonaut Insurance Company.
The Hartford – Written on an admitted basis in forty-eight states and District of Columbia through member companies of Hartford Financial Services Group, Inc.
The coverage forms offered by the carriers listed above are distinctly different from one another. Before choosing one mortality option over another, please review the coverage forms in their entirety and make sure that what you’ve chosen is the best option for you. We are happy to answer any specific questions you may have about any of these programs.