Livestock Mortality Insurance
The Livestock Mortality Policy is a Life Insurance policy on your horse, with the Insured as beneficiary. It is an “All-Risk” policy that will cover death from any cause, subject to certain exclusions that are stated in the policy. We will also pay you if your horse is stolen.
We will pay the actual value of the horse at the time of the accident or illness causing its death, not exceeding the value specified in the schedule. If your horse is sick or injured before the policy expires, and you have reported this to us, we will extend your coverage for 90 days and pay your claim should the horse die within that time from the same cause.
We will issue a Livestock Mortality Policy provided the insured horse is in sound health at the inception of the policy. We also assume you will provide proper care and attention for the horse and that you will employ a veterinarian at your expense if the horse suffers any illness, disease, lameness, injury, accident or physical disability. Also, if your horse dies, you are required to arrange and pay for an autopsy.
Should your insured horse require surgery, this endorsement will cover the costs. We will pay reasonable and customary charges for surgical treatment, including anesthesia, necessitated by accident, injury or illness. Certain exclusions apply, including racing and castration.
Major Medical Endorsement
This insurance reimburses for veterinarian’s fees for surgery and major illnesses and disease. We will pay reasonable and customary charges necessitated by accident, injury or illness for your insured horse. This coverage will help you control veterinary expenses for unforeseen events dealing with the health of your animal.
Loss of Use Endorsement
If your horse becomes permanently incapable of fulfilling the functions for which it is used as stated on your policy but its condition does not necessitate destruction for humane reasons, you may suffer a financial loss.
If you purchase the Loss of Use endorsement we will pay you 75% of the insured value of the disabled horse.
We have the option of letting it be destroyed or taking possession and title of the horse. If you want to keep the horse, we will pay you 50% of the horse’s insured value. If the accident, illness or disease your horse suffers occurs during the policy term and is reported to us during the policy term, we will still pay you after the policy expires, provided the permanence of the disability becomes apparent within 90 days after the policy expires.
All of the endorsements listed are optional and can be added to your mortality policy provided you meet the necessary requirements and pay the additional premium.