Equine Loss of Use Coverage
Loss of Use coverage provides compensation if your horse becomes totally and permanently unfit for its insured use due to a new accident, injury, illness, or disease. The horse must be permanently incapable of performing at any level of the insured use, and all customary treatments must have been tried.
What’s Covered
- Loss resulting from a covered condition that makes the horse permanently unfit for the insured purpose
- Conditions starting during the policy period and promptly reported
- Losses recognized within 90 days after policy expiration (if the event occurred within the policy period)
How Claims Are Paid
- Pays up to 70% of the agreed value of the horse
- The insurer may take possession and title of the horse after payment
- An appraisal process is available if the horse’s residual value is disputed
Not Covered
- Pre-existing or undisclosed conditions
- Infertility or breeding-related unfitness
- Racing-related unfitness
- Chronic wear and tear or progressive diseases (e.g., Navicular, OA, DJD)
Important Conditions
- Immediate notice is required
- A detailed veterinary report must be provided within 14 days
- The insurer may require exam by their chosen veterinarian
- Permanent unfitness must be confirmed by both veterinarians (or a third independent vet)
Important: This summary is provided for convenience. Please refer to the actual policy wording for full details and exclusions.
- American Reliable – Loss of Use Endorsement (Loss of Use – A8874E0317)
Standard Mortality Policy and Automatic Coverages
Other Optional Coverages Available with Equine Mortality Coverage