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Equine Insurance Products LIVESTOCK INSURANCE: Insure Your Horses Full Mortality Insurance (for Horses) [GENERAL INFORMATION ONLY] This is a type of insurance for your horse that is similar to a term life policy for a person. Full Mortality Insurance will protect you against financial loss upon the death of your horse caused by or necessitated by both natural and accidental causes and while in the Continental U.S. and Canada. Proven Theft coverage is included. Under certain circumstances and with Insurer approval, insurance can be extended to horses while in some foreign countries. The Full Mortality policy covers death only. It is not a “fall in value” coverage, therefore it does not insure against minor injuries, depreciation of value, nor failure of the horse to perform the duties or requirements for which it is kept or intended. Any horse proposed for insurance must be physically sound and in good health. A current veterinary certificate of health may not be required for some lower valued horses. Surgical or Major Medical Insurance can usually be added to the Full Mortality contract, although it is not generally available for horses under six months of age or over 15 years old. Policies are generally written for a 12 month period. Some exclusions apply. Coverages and conditions vary somewhat from one company to another. Call an Ark Agency Representative for rates, details, qualification and evaluation requirements and to choose an Insurer that fits your needs. We will help you determine which application(s) you should use. A similar type of insurance is also available for cattle. Go to Brochures
Limited Mortality (also known as Specified or Named Perils Insurance) [GENERAL INFORMATION ONLY] This type of policy insures livestock (usually horses and cattle) insured in the schedule only for loss by death due to specified perils. The perils commonly insured against are fire & lightning, or smoke resulting there from; collision, derailment or overturn of certain conveyances while in transit including loading and unloading, collapse of bridges or culverts, earthquake and / or floods; windstorm, cyclone, tornado, hail, explosion, aircraft and objects falling there from. Optional perils that usually may be added to this contract of insurance include: Accidental Shooting (except by the Insured or the employees of the Insured; Drowning; Artificial Electricity; Attack by dogs or wild animals; Collapse of building, and Theft. Some exclusions apply. Coverages and conditions vary somewhat from one company to another. Call an Ark Agency Representative for rates, details, qualification and evaluation requirements and to choose an Insurer that fits your needs. We will help you determine which application(s) you should use.
Surgical and Major Medical Insurance (for Horses) [GENERAL INFORMATION ONLY] SURGICAL INSURANCE: This coverage insures against loss incurred to an Insured in relation to an insured animal’s requirement of a surgical procedure. The Insurer agrees to payment for a veterinary surgeon’s reasonable and customary surgical operating room charges incurred as a result of an illness or injury, including approved non-surgical medical fees incurred within a certain period of time following surgery directly relating to the surgery. A specific limit is established by the Insurer for this coverage (usually between $5,000 and $10,000 depending upon the Insurer and the choice and availability of limits) and a deductible may or may not apply. Premium for this coverage is usually fully earned at inception. This coverage is usually added as an endorsement to a Full Mortality Policy. Some exclusions apply. Coverages and conditions vary from one company to another. [GENERAL INFORMATION ONLY] MAJOR MEDICAL INSURANCE: This is a type of insurance that insures against loss incurred to an Insured in relation to an insured animal’s requirement of surgical procedure and major medical expense. The Insurer agrees to payment forthe reasonable and customary charges of a licensed veterinarian(s) which are necessitated by accident, illness, disease or injury. A specific limit is established by the Insurer for this coverage (usually between $5,000, $7,500 or $10,000 depending upon the Insurer and choice and availability of limits) and a deductible may or may not apply. Premium for this coverage is usually fully earned at policy inception (startup date). This coverage is usually added as an endorsement to a Full Mortality Policy. Some exclusions apply. Coverages and conditions vary somewhat from one company to another. Call an Ark Agency Representative for rate, details, and qualification and evaluation requirements, and to choose an Insurer that fits your needs. We will help you determine which application(s) you should use.
Transit Insurance: Single Trip Transit, International Air Transportation, Territorial Transit (for Horses and Cattle) [GENERAL INFORMATION ONLY] This type of insurance protects the Insured against financial loss for the established value of an insured horse if it dies during transit (transport). SINGLE TRIP TRANSIT INSURANCE is available as a separate policy. This coverage usually goes into effect when the animal is loaded and coverage terminates when the animal is unloaded. Depending upon the age of the horse and other criteria, coverage may be purchased for Full Mortality during the transit period or just for specified perils that may result in accidental death of the insured horse. INTERNATIONAL AIR TRANSPORTATION INSURANCE is usually applied by endorsement to a horse insured under a Full Mortality Policy to extend coverage to include international air transport of the horse. TERRITORIAL TRANSIT INSURANCE is usually applied by endorsement to a horse insured under a Full Mortality Policy to extend transit of the horse in additional specified territories outside of the Continental U.S. and Canada. Some exclusions apply to transit insurance and endorsements. Coverages and conditions vary somewhat from one company to another. Call an Ark Agency Representative for rates, details, and qualification and evaluation requirements and to choose an Insurer that fits your needs. We will help you determine which application(s) you should use.
Loss of Use (for Horses) [GENERAL INFORMATION ONLY] Loss of Use Insurance is usually available on horses used for these purposes: Hunter / Jumper, Dressage, Cutting, and Reining. This coverage is usually added as an endorsement to a Full Mortality Policy. FULL LOSS OF USE: This type of insurance provides that in the event that an insured horse becomes permanently incapable of fulfilling the functions for which it is used, as stated in the policy, but its condition does not necessitate destruction for humane reasons, the Insured will be paid a percentage of the insured value of the disabled horse. Some exclusions apply. Coverages, Limits, and Policy Conditions vary from one company to another. LIMITED LOSS OF USE (External Injury Only): This type of insurance provides that in the event that an insured horse becomes permanently incapable of fulfilling the functions for which it is used, as stated on the policy, as a result of external, accidental and violent means, but its condition does not necessitate destruction for human reasons, the Insured will be paid a percentage of the horse’s insured value. Some exclusions apply. Coverages, Limits, and Policy Conditions vary from one company to another. Call an Ark Agency Representative for rates, limits, details and qualification and evaluation requirements, and to choose an Insurer that fits your needs. We will help you determine which application(s) you should use.
Stallion Infertility Due To Accident, Sickness & Disease [GENERAL INFORMATION ONLY] This type of insurance usually extends a Livestock Mortality Policy to include loss due to an insured “proven” stallion becoming permanently impotent, infertile, or incapable of serving mares. This incapacity must be the result of an accident, illness or disease which occurs after the effective date the endorsement is added to the policy and prior to the expiration date of the policy. This coverage is added by endorsement to a Full Mortality Policy. Some exclusions apply. Coverages and conditions usually vary from one company to another. Call an Ark Agency Representative for rates, limits, details, qualification and evaluation requirements, and to choose an Insurer that fits your needs. We will help you determine which application(s) you should use. |
