Coverage when animal is purchased at an accredited horse sale. Simply call
(No Vet Exam required if horse is healthy and between the ages of 1-20
and insured for less then $100,000.)
written for the purpose of protecting the actual investment of the
livestock owner, not potential gain or profit.
is payable only as a result of death loss
or humane destruction by a certified vet, with prior permission from the
coverage does not indemnify an insured against loss of an animal's
ability to perform the functions for which it is kept.
insurance is renewable only on evidence of re-insurability, both as to
physical condition and market value.
insured or the agent may only effect
may not be transferred from one insured to another. Your coverage stops
hen the horse is sold. It is the responsibility of the new owner to call
our office to insure the horse in their name.
subject to acceptance by company.
your horse's value can result in problems with your claim. If you want
to insure your horse for more than the purchase price, you must be
certain you can justify this value to the insurance company in the event
of a claim. Insure for the current value, not for what you feel, or are
told the horse is worth. If his value rises thru his accomplishments you
can request your coverage amount increased by calling your agent and
discussing it with him/her.
- SELECTING POLICIES BASED ON PREMIUMS ALONE
premiums are fairly standard in most categories, price shopping rarely
unearth bargains. Read your policy carefully and pay very close
attention to the coverage, more so than the cost, because all insurance
policies are not equal. Selecting a knowledgeable agent in the field of
horse insurance is also important as they will be able to assist you in
selecting the proper coverage as well as being capable of explaining the
coverage to you.
- NEGLECTING TO READ AND THOROUGHLY UNDERSTAND THE POLICY
understanding of a policy's term can mean you get to much or not enough
coverage, and you probably will not realize this error until you have a
claim. Again, the importance of a knowledgeable agent is helpful in
understanding your coverage.
- LEAVING GAPS IN DISCLOSURE
health problems in a horse's history must be reported on the application
- FAILING TO REPORT INCIDENTS IMMEDIATELY
The importance of
reporting illness, injury, or sickness of an insured animal immediately
can not be expressed strongly enough. Late reporting of any problem your
horse may be suffering from could jeopardize your claim.
If your horse is sick enough to call your
vet, he is sick enough to call the insurance company.
- POOR RECORD KEEPING
Keeping records will
ease the application, claims and renewals. When buying a horse, keep a
bill of sale and your cancelled check. Keep track of your winnings and
accomplishments on your horse also.
Roger Peters Livestock
PO Box 219
South Sioux City, NE 68776