Equiine Insurance????

[GreenThumb]

Hi all,

Need to learn equine insurance, all types
Anyone have any advice on where to begin

Appreciate it

[Laurierace]

Narrow your question down a bit then maybe we can help you. Learning everything about anything is an overwhelming task.

[Shammy Davis]

http://www.bayerdvm.com/Resources/AAEPB ... ochure.pdf

http://www.millerthomson.com/assets/fil ... urance.pdf

http://www.ecmagazine.net/manage_pdfs/insurance.pdf

[Shammy Davis]

http://www.horseinsurance.com/SiteColle ... 20Talk.pdf

[griff]

I did an analysis once and calculated i could loose one mare a year and come out ahead by not buying insurance. then I bought a $20,000 stallion and forgot to recalculate. Guess who i had to put down that year.

I believe a good business plan should look at all alternatives and one alternative is no insurance.

griff

[clh]

It depends on how many horses you have, their value, age and what you are using them for as to whether you need insurance or not in my opinion. If you have mares valued at a certain amount then it is worth insuring them? Perhaps not. If you have higher value mares, perhaps it is more important to insure them. Some people insure their foals at birth, some insure them at a month old and some folks don't insure their foals at all. Some folks have pro-foal insurance and others choose not to have it. It all depends on your program and in my opinion the value of your stock AND the amount of money you have and are willing to spend. Bear in mind, if you do have insurance on any of your horses, it becomes not only your decision on how to treat a horse but also the insurance's decision on how to treat your horse in certain instances. Good luck!

[griff]

Nope, my business alone on how i treat my horses.. if the insurance company disagrees we talk but i'm not waiting for an insurance company to tell me I can put an animale down that needs to be put down.

Also, one of the reasons insurance is so high in certain parts of the country is "deer hunters" have a habit of shooting insured horses. So, part of your premiums go to pay for stuff like that.

griff

[clh]

On the flip side griff - the insurance company told me to put Damien (aka "Not An Altar Boy") down and I said, nope, didn't think I would, thought I'd just give the boy a chance and see how he did with that old stifle cyst problem that he had. Not An Altar Boy went on to beat Midnight Vader my two year old Invasor colt not too long ago. Just goes to show - insurance companies don't always know whats best

[KBEquine]

Hi all,

Need to learn equine insurance, all types
Anyone have any advice on where to begin

Appreciate it

Tough question.

If you are talking about equine mortality - look at Griff's post.

If you are talking loss of use - again, the insurance company is betting the horse will be okay (and you're betting you'll have a problem). If you are right, you overpay. If they are, well, still not good for you. And it depends on the use of the horse - racing, breeding stock for racing - or something else - what you pay.

If you are talking about the horse business, there is also worker's comp (if you're a barn owner or trainer & have employees), care, custody & control (if you are a trainer or barn owner with other peoples' horses - it basically covers the horses of others & any damage they do), commercial general liability (if you own the stable where others could get hurt by falling on your property, etc.). And trainers who do riding lessons, etc., have errors & omissions policies.

So whoever suggested you narrow the question had a great suggestion! These are just off the top of my head, meaning it is virtually certain I've missed some.