Trade Zone: Equine Insurance: Why It Is Important?
Thoroughbred owners know horses can be fragile, and even new owners will often learn quickly that horses can do the most unexpected
things to injure themselves. One of the soundest ways owners can protect their investments is equine insurance.
People protect their houses and property with home owners insurance, their cars with auto insurance, and themselves
with health insurance. It only makes sense that they would protect their horses in the same way, especially when the animal is
worth thousands and possibly even millions of dollars. Equine insurance can help minimize financial loss.
The most common form of equine insurance is mortality insurance, which reimburses an owner the full value of the
horse, as determined at the time the policy is purchased, if it dies or has to be euthanized. Mortality policies often include
coverage for emergency colic surgery, and owners also have the option of adding additional coverage or endorsements to a policy.
These endorsements can range from major medical to mare/stallion disability to prospective foal coverage, which helps recoup the loss if a mare aborts a fetus or a foal dies shortly after birth. The cost of insurance is determined by the value of the horse and its sex, age, and use.
“Insurance is never meant to be profitable,” said Joe Brown Nicholson, of Nicholson Insurance Agency of Lexington. “Insurance is supposed to help put the policy holder back in the same (financial) position prior to an incident or loss.”
To continue reading, click the "Download" button at the bottom of this page.
Sponsors:
Loomix Cellarator (www.cellarator.com)
Racing Consultation Services (www.racingconsultation.com)
Morinda Care (www.morindacare.com)
Life Data Labs, Inc. (www.lifedatalabs.com)
OCD Pellets (www.ocdpellets.com)
Turnbow Trailers, Inc. (www.turnbowtrailers.com)
Equestrian Real Estate (www.equestrianre.com)
Breeding Decisions: To Retire or Keep Racing? - November 13, 2010
Balance Is Key To Proper Feed Program - October 30, 2010
First Aid and Wound Care - September 18, 2010
Looking at EPM
- August, 21, 2010
A Safer Ride
- July 17, 2010
Hoof Care for Thoroughbreds
- June 12, 2010
Parasite Control - May 22, 2010
AAEP Focus on Disease Treatment, Prevention - April 24, 2010
AAEP 2009: Focus on Horse Health News - March 20, 2010
AAEP 2009: The Latest on Lameness Treatments - February 13, 2010
Foal Health - January 9, 2009
Common Reproductive Problems in Mares - December 5, 2009
The Third Trimester - November 14, 2009
Ready to Run - October 31, 2009
Feeding For the Ages - September 19, 2009
Transportation Tips - September 5, 2009
Disease Control Yearly Planner - August 8, 2009
Foot Flops & Fixes - July 25, 2009
Get Ready - June 26, 2009
Therapy For Thoroughbreds - May 5, 2009
Dirt or Synthetic - Which is Safer? - April 25, 2009
AAEP: Focus on Horse Health News - March 21, 2009
Infectious Disease at the AAEP Convention - February 21, 2009
When Foaling Goes Wrong - December 6, 2008
Feeding the Pregnant Mare - November 15, 2008
Broodmare Vaccinations - November 1, 2008
Transport Stress in Horses - October 18, 2008
View more...
