Question: Now that I have the quote that I want to purchase, how do I convert this into a policy?
Answer: This article describes how to purchase the coverages you’ve quoted online at www.insureyourhorse.com/quote. Part One of this series describes how to obtain an instant online mortality quote for your horses and Part Two describes how to add coverage enhancements like Medical, Surgical and Loss of Use to your quote.
Buying the Coverage
Once you’ve determined which insurance company and coverages you want, refer to the “Application Forms Required” section under each animal for a list of items that we’ll need from you in order to start your coverage. The list of requirements will vary from horse to horse, and from one company to another depending upon your answers to the basic horse information questions, as well as the optional coverages chosen.
In the “Application Forms” list under the first horse, you’ll find a document titled “How to Begin Coverage”. It contains a general overview of the information required and how to submit your request to us. You’ll also find a mortality coverage flyer, payment instructions, a full mortality application (applicable to all horses) as well as any health documentation and value support requirements. The full mortality application and payment instructions are applicable to all horses. The health and value support requirements are specific to this horse. If more than one horse has been quoted, there will be a list of application forms required for that horse.
Clicking on the icon or form name will open that document in a new window. Download the form to your computer and complete / sign / save it using Adobe Acrobat Reader. Email the completed / signed forms to firstname.lastname@example.org. If you prefer to complete and sign each document from within your web browser, you’ll need to print the completed documents and fax them to us at (866) 207-6953. Web browsers do not easily allow you to save completed PDF forms to your desktop. Downloading a completed form will cause the data you’ve entered to be erased.
The last step in the process to begin coverage is to pay your premium. Three of our partners bill the customer directly. This means that you will receive a bill for your premium amount after the policy has been issued. These insurance companies also give you the ability to pay your premium in installments instead of all at once. The number of installment options offered generally depends upon your policy’s premium amount.
- Great American has the most flexible billing options, offering Annual, Semiannual, Quarterly and Monthly options for all premium levels.
- Berkley Equine & Cattle (StarNet Insurance Company) offers one, two and three payment options at any premium level. They have a four installment option for policies with a premium of at least $1,000, and five and six installment options when your premium exceeds $2,500.
- American Reliable offers one and two installment options for premiums of $500 or more and a four installment option for premiums of $1,000 or more.
Our other two programs (American Equine and The Hartford) require premiums to be paid to Equine Insurance Specialists. No installment options are available for these programs. Payments are paid online at the same time the application is submitted to us for binding. We accept payment by electronic check and credit card (Mastercard, Visa, Discover and American Express) through our online payment portal at www.insureyourhorse.com/customer-payments. When submitting your payment, include “New Policy” in the description / invoice or policy number field of the payment window.
If your request is received during business hours, you will be contacted soon after your application (and payment, if necessary) are received. We will either confirm that coverage has been bound, or request additional documentation or answers to questions based upon your submission. If your submission / payment are received outside of normal business hours, we’ll contact you on the next business day. A formal binder will be sent to you within one business day of our confirmation of coverage bound, and your policy will follow within a couple of weeks. The invoice for your premium payment, if necessary, will arrive shortly after your policy.