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Equine Insurance
Like with any insurance, the details matter. While the cost of coverage is significant in choosing the right insurer, nothing outweighs understanding precisely what you're getting and how you'll be supported in case of a claim.
We're here to navigate you through the complexities of equine coverage options and critical differences in insurance terms. We're confident that our services offer the most comprehensive coverage on the market, and we're ready to assist you in selecting the optimal protection for your horses.
Below is a summary of our main coverage options. Additionally, we provide various tailored coverage options for specific situations, including Horse Owner’s Liability, Overseas Transit Coverage, Frustration of Import, and Loss of Stallion Income.
Horse Mortality
Also known as "Full Mortality" or "All Risks Mortality," this policy provides reimbursement of the Agreed Value should your horse perish, be stolen, suffer severe ataxia (loss of coordination), or be humanely euthanized (if a veterinarian deems it necessary for humane reasons as outlined in the policy).
The coverage extends to all causes of death, theft, severe ataxia, and humane euthanasia that are not expressly excluded. A veterinary examination (or a Declaration of Health for horses valued at $25,000 or less) is required, and coverage is applicable to horses aged between 24 hours and 18 years (with consideration given to horses up to 26 years old).
Common causes of death (and humane euthanasia) include fractures, complications from colic and laminitis, although there are numerous unforeseen accidents, illnesses, and diseases that could result in the loss of your horse. While nothing can replace the bond with your horse, Full Mortality insurance is crucial for safeguarding your investment. When comparing prices for Full Mortality coverage, it's imperative to fully comprehend the details of your policy and the procedures in case of a loss. Don't hesitate to request a copy of the policy language from your agent before finalizing coverage. For a summary of the benefits of our Full Mortality coverage, please click on the following link: NAS Full Mortality Policy Advantages.
Specified Perils
Reimburses you the Agreed Value if your horse dies from causes that are specifically listed in the policy, such as lighting, fire, windstorms, floods, explosions, etc. The policy is more restricted than a Full Mortality policy. It does not include coverage for illnesses and accidents that are the most frequent causes of horse deaths.
Major Medical
Essentially health insurance for your horse, this “endorsement” (basically an “amendment”) to the Full Mortality policy reimburses you up to $10,000 for fees associated with surgery or medical expenses.
Our Major Medical coverage includes a $250 per occurrence deductible and reimburses you for 75% of the reasonable and necessary medical, surgical and aftercare treatment by a licensed veterinarian necessitated by accident or illness. A minimum of $25,000 Full Mortality coverage is required to qualify for Major Medical coverage.
Loss of Use
There are two Loss of Use endorsements which can supplement the Full Mortality policy:
Full Loss of Use
Reimburses you with 75% of the Agreed Value in the event your horse becomes permanently incapable of fulfilling its intended use or function because of accident, illness or disease.
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External Injury Loss of Use
Similar to the Full Loss of Use endorsement, except the cause of the loss must be from an injury that is sudden, external, accidental and violent.
Neither Loss of Use endorsement is available for race horses or horses being trained to race. Examples of injuries/illnesses that might allow recovery under the Full Loss of Use coverage include severe tendon or suspensory injuries, severe degenerative arthritis, severe neurological problems, degenerative laminitis, etc.
Mare Fertility/Reproduction
Prospective Foal Policy
Reimburses you if a mare, after 42 days gestation, fails to produce a live foal (for any reason not excluded) or if the foal dies in the first 24 hours after birth.
Prospective Foal coverage begins once a mare has been verified (by a veterinarian) to be in-foal for at least 42 days from when she was last bred. The amount of coverage usually reflects the value of the stud fee, but it might also include reasonable anticipated profits from the sale of the prospective foal. The premium rate is based on several factors including the mare’s age, breeding history and stage of pregnancy.
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Conception and Prospective Foal Policy
Reimburses you if a mare fails to either conceive, produce a live foal (for any reason not excluded) or if the foal dies in the first 24 hours after birth.
Stallion Subfertility/Infertility
First Season Infertility (“FSI”)
This policy reimburses you the Agreed Value when a stallion in his first breeding season is unable to achieve a satisfactory conception rate (usually 60%) from his booked mares. If you are considering this coverage for your stallion, please call us prior to the stallion’s first breeding season to discuss your options and how the coverage operates.
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Accident, Sickness or Disease (“ASD”)
This endorsement to a Full Mortality or FSI policy reimburses you the Agreed Value when a stallion or stallion prospect becomes permanently and totally impotent, infertile or incapable of breeding due to an accident, sickness or disease suffered during the policy period.
A stallion or a stallion prospect can often incur an injury, sickness or disease which does not result in death or require humane destruction. However, the injury, sickness or disease could render the stallion permanently infertile, impotent or incapable of breeding mares. Common examples include permanent damage to the stallion’s genitalia resulting from the kick of another horse, permanent infertility due to a venereal disease or a physical injury that permanently prevents the stallion from mounting a mare.