FAQs For Horse Owners
Mortality policies are available in all U.S. states except Alaska and Hawaii.

If you own a horse, there are several types of insurance coverages to consider. These frequently asked questions will help you choose a policy that fits your needs.

1. What are the age limits to insure my horse?
2.

Is it necessary to have a Veterinary Certificate completed in order to insure my horse?

3.

I board my horse and the owners of the barn told me they have coverage in the event anything happens to him?

4. How much can I insure my horse for?
5. What is the Free Colic Surgery coverage?
6. What is Guaranteed Extension Coverage?
7. What does the Value endorsement mean?
8. What does “fully earned” mean?
9. What coverage is available if my horse gets sick or has an injury?
10. Do I really need Major Medical/Surgical coverage, especially since the policy automatically includes coverage for colic surgery?
11. Is there coverage available for medical colics?
12. Can I purchase more than one medical/surgical coverage?
13. Are there any co-pays?
14. What if my horse becomes permanently disabled and can never compete again? Is there coverage to protect me if this happens?
15. How do I get Loss of Use coverage?
16. I've heard that if a Loss of Use claim is paid, the company can take the horse?
17. I have a mare or stalion. How does that affect the Loss of Use coverage?
18. Is there any type of infertility coverage for my breeding stallion?
19. Can I get Medical coverage or Loss of Use coverage without mortality coverage?
20.

What happens if my horse develops a health problem or lameness during the policy? Will the company renew the coverage?

21. Why would I need liability coverage for my horse?
22. I board my horse, so I don't need liability coverage, right?
23. How quickly can I get coverage?
24. What are my payment options?
25. What if I cancel my policy?

1. What are the age limits to insure my horse?
Your horse must be between the ages of 24 hours through 20 years to insure for Full Mortality. If your horse is age 21 or older, Named Perils coverage is available.
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2. Is it necessary to have a Veterinary Certificate completed in order to insure my horse?
No, as long as your horse is sound and healthy and the insured value is $100,000 or less. The exception to this is if you want to add Full Loss of Use coverage, in which case the Full Loss of Use Veterinary Certificate must be completed. Also, foals under 30 days old require a Foal Vet Certificate.

If you are renewing coverage, the same requirements apply. You need a Vet Cert for values over $100,000 and for Full Loss of Use coverage.
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3. I board my horse and the owners of the barn told me they have coverage in the event anything happens to him?
They probably have what is called Care, Custody & Control coverage. This coverage is meant to protect them in the event that your horse is injured or killed, and they are found negligent. It doesn't protect you if your horse is injured or dies in a manner unrelated to the boarding facility. For this reason, you should consider a full mortality policy for your horse.
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4. How much can I insure my horse for?
You can insure your horse for its fair market value or any lesser amount. Fair market value is the amount you could expect to receive if you were to sell your horse today. If you have recently purchased your horse, generally the purchase price would be considered fair market value.

If you have owned your horse for some time and your horse has been in training and competing and doing well, then your horse's value may have increased. You can substantiate the value by submitting a competition record, breeding record, and/or opinion of the value by a professional equestrian such as your trainer.
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5. What is the Free Colic Surgery coverage?
Our Full Mortality policies automatically include Free Colic Surgery coverage, providing the horse does not have a history of colic problems. The coverage limit is 60% of the insured value with a maximum of $3,000, and there is no deductible. Coverage also includes $300 for emergency third party transportation.
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6. What is Guaranteed Extension Coverage?
Full Mortality policies include Guaranteed Extension coverage at no additional cost. This coverage provides that in the event of a condition occurring and reported during the policy period, mortality coverage will automatically continue for up to 12 months from the expiration date for that specific condition. An example of when this coverage would apply would be if your horse experienced laminitis during the policy period. If you report the condition promptly during the policy period, you would have mortality coverage extended for the laminitis condition for up to 12 months from the expiration date of the policy in the event your horse dies.

Guaranteed Extension coverage does not require you to renew your policy for coverage to continue for the reported condition.
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7. What does the Value endorsement mean?
Our policies include a Value endorsement. This coverage provides that as long as your horse was worth its insured value at any time during the policy period, that is the amount you will be paid in the event of an approved claim. Other companies may write on an Actual Cash Value basis which means you would only be paid what your horse was worth at the time of its death.
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8. What does “fully earned” mean?
Some coverages such as medical/surgical and Territorial Limits Including Transit may be fully earned. This means that in the event you cancel your policy, there would be no return premium on these coverages.

Premiums are also fully earned in the event of a claim. This means that if you are paid for a loss on a horse, there is no return premium for that horse for the applicable coverage under which the claim was paid.
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9. What coverage is available if my horse gets sick or has an injury?
You may want to consider purchasing Major Medical/Surgical coverage for your horse to protect yourself if you have unexpected veterinary bills. This coverage will reimburse you for veterinary fees in the event your horse has an injury, illness, or disease. It provides coverage for diagnostics such as X-rays, ultrasounds, blood work, bone scans, spinal taps, etc. as well as for treatment.

Keep in mind that under the terms of your mortality policy, you are required to give proper care and attention to your horse. If your horse develops a serious problem such as EPM, colic, or has a fracture and the veterinarians believe your horse can be saved, you are expected to provide for that care. Humane destruction is covered under the mortality policy, but economic destruction is not. If you choose to put your horse down for financial reasons, the mortality coverage would not apply. Major Medical/Surgical coverage would help you with these veterinary expenses.

There are three Major Medical plans available (At this time $15K limit is not available in CA). The Up to $7,500 Annual Aggregate Limit coverage offers a limit of a maximum of $7,500, not to exceed the horse's insured mortality limit, subject to a $300 deductible per illness, injury or incident. The $10,000 Annual Aggregate Limit offers a limit of $10,000, subject to a $300 deductible per illness, injury or incident. The $15,000 Annual Aggregate Limit offers a limit of $15,000, subject to a $300 deductible per illness, injury, or incident. Major Medical/Surgical coverage is available for horses between 31 days – 15 years; 16 – 20 years with underwriting approval.

When comparing Medical coverages from different companies, ask to see the wording to determine what exactly is covered and more importantly, what is not covered.

For example, some companies limit how long they will provide coverage for a problem. Our company provides coverage for a problem for the entire policy period in which it happened. This can be quite important if you are dealing with a serious problem like EPM where the medication and treatment is both lengthy and costly.
Some companies may also have sub-limits on conditions such as gastric ulcers or treatments such as Shockwave or IRAP. Our coverages have no sub-limits.
Some companies have built in exclusions for Navicular, arthritis, and DJD. Our medical coverages do not exclude these conditions.

You could also consider Surgical Only coverage for your horse. This option covers the cost of actual surgery, and for aftercare medical fees for up to 30 days equal to the cost of surgery. This coverage has a $0 deductible. Available for horses ages 31 days – 17 years; and 18 – 20 years with underwriting approval.
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10. Do I really need Major Medical/Surgical coverage, especially since the policy automatically includes coverage for colic surgery?
It depends. The automatic colic surgery coverage with the Full Mortality policy has a limit of $3,000 or less, depending on the insured value of your horse. Costs for colic surgery can range greatly depending upon the severity of the colic, the area of the country you are in, and if there are post-operative problems.

Adding Major Medical/Surgical or Surgical Only coverage would provide you with a higher limit for colic surgery as well as providing coverage for other health problems your horse might face. Although colic is many horse owners' worst fear, it is not the only expensive health problem your horse might face. Lameness, EPM, and founder are just a few other problems that can be lengthy and expensive to treat. The Major Medical/Surgical coverage will help reimburse you for both the diagnostics and treatment for problems such as these as long as the conditions are not pre-existing to the policy.
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11. Is there coverage available for medical colics?
If you select either of the Major Medical/Surgical coverages, these coverages would provide you with reimbursement in the event of a medical or surgical colic along with providing coverage for other health conditions as described above.

If your primary concern is reimbursement if your horse experiences a medical or surgical colic, you might want to select our Colic Medical and Surgical Coverage.

The Colic Medical and Surgical Coverage provides an annual limit of the lesser of $3,000 or sixty percent (60%) of the mortality limit of liability, for cost of medical and surgical colics, including aftercare, subject to a $300 deductible.

Colic remains the number one cause of death for horses, and is a leading cost in medical claims. Selecting this coverage will provide you with protection for both medical and surgical colics, and in the event your horse does have colic surgery, you will have a combined limit from the Colic Medical and Surgical Coverage and the Free Colic Surgery coverage of up to $6,000 for the medical and surgical costs of the colic surgery.
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12. Can I purchase more than one medical/surgical coverage?
You can mix and match from our four optional medical/surgical coverages. Pick one coverage, or up to all four, however you cannot select duplicate coverages on any one horse (i.e., you cannot have two separate $10,000 Medical coverages on the same horse).
As veterinary costs continue to climb, consider purchasing more coverage to protect you in the event your horse has a medical/surgical claim.
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13. Are there any co-pays?
No, our medical/surgical coverages have no co-pays! You only have the deductible to satisfy.
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14. What if my horse becomes permanently disabled and can never compete again? Is there coverage to protect me if this happens?
There are two types of Loss of Use coverage available to protect you in the event your horse becomes permanently unable to perform its insured use, but is not ill or injured enough to require humane destruction. These coverages help to reimburse you for the loss in your horse's value. Loss of Use coverages are intended for performance horses, not breeding or pleasure horses, and are available for select uses only.

External Injury Only Loss of Use provides coverage in the event your horse is permanently unable to perform its insured function as a result of a visible, external, accidental and violent means injury. Examples of these types of injuries are if your horse was in a trailering accident, if he was kicked by another horse, or if he ran into a pasture fence or collided with a jump. If your horse is just galloping around the pasture and tears a suspensory ligament, this would not be covered by the External Injury Only Loss of Use.

Full Loss of Use provides coverage in the event your horse is permanently unable to perform its insured function due to an accident, injury, illness or disease as long as these were not pre-existing conditions. Full Loss of Use coverage would include coverage for conditions such as a torn suspensory, EPM, blindness, or degenerative problems like arthritis or navicular, as long as they first occurred during the policy period.

Both Loss of Use coverages are only available for the following uses, subject to underwriting approval. Horses must be actively competing, and current show records must be included with new and renewal submissions.

Show Horses – only horses showing in classes such as English Pleasure, Hunt Seat, Hunter Under Saddle, Saddle Seat, or All-Around (if the horse shows in at least one English use class).
Dressage
Driving – only horses showing in driving classes such as Fine Harness, English Pleasure, etc. are eligible. Horses used for farm work, pleasure driving, or combined driving are not eligible.
Show Hunter
Show Jumper
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15. How do I get Loss of Use coverage?
The External Injury Only Loss of Use coverage is available for horses ages 2-17 years for select uses only, and does not require any additional Vet Certificate.

Full Loss of Use coverage is available for horses ages 2-12 years for select uses only, and requires the submission of our Full Loss of Use Vet Certificate for coverage consideration. This exam includes a basic health exam as well as flexion tests and narratives of the required X-rays. A drug screen taken at the time of the exam is also required for horses valued over $25,000.

Both types of Loss of Use coverage require Major Medical/Surgical coverage, or Surgical Only coverage if your horse is 16 or 17 years old and you select External Injury Only Loss of Use. Please call for more information if you are interested in either of these coverages.
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16. I've heard that if a Loss of Use claim is paid, the company can take the horse?
There is a provision in the Loss of Use coverage wording that gives the company the authority to take possession of a horse in the event a loss of use claim is paid. This is not a common occurrence but is necessary to prevent fraud.
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17. I have a mare or stallion. How does that affect the Loss of Use coverage?
For mares that are used for competition, it is important to remember that they may have a residual value as a broodmare in the event they are no longer able to compete. Stallions used for competition may have a residual value as a breeding stallion. Most likely the insurance company would deduct the horse's residual value as a breeding horse from the claim settlement.
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18. Is there any type of infertility coverage for my breeding stallion?
You can add the Stallion Infertility for Accident, Sickness and Disease coverage to your mortality policy. This coverage helps protect you in the event your proven breeding stallion is permanently unable to get mares in foal as the result of an accident, sickness or disease.
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19. Can I get Medical coverage or Loss of Use coverage without mortality coverage?
No. The Full Mortality coverage is the actual policy. Medical and Loss of Use coverages are coverage options which you then can add to the policy.
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20. What happens if my horse develops a health problem or lameness during the policy? Will the company renew the coverage?
In the majority of cases, the company will offer renewal with an exclusion for the specific problem depending on its severity.

Remember that you still have mortality coverage for a reported condition under the Guaranteed Extension.
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21. Why would I need liability coverage for my horse?
If your horse injures a third party or damages their property, you could be faced with a lawsuit. Even if the lawsuit is frivolous and you were not at fault, you can still be sued and it can be costly to defend yourself. Many horse owners assume they have coverage for their equestrian activities under their homeowner's policy, but you should check with your agent. Ask for written confirmation and make sure coverage applies if you take your horse off your property to a horse show, trail ride, etc.

Equine Third Party Liability Coverage is available as an addition to your mortality policy. This coverage provides an annual aggregate limit of $25,000.

You might also want to consider our Equine Personal Liability coverage which offers limits of $300,000, $500,000, or $1 million for up to five horses with the ability to add more horses.
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22. I board my horse, so I don't need liability coverage, right?
Actually, you still do. If your horse got loose and ran into a car on the road, both the stable owner and you as the horse owner would likely be sued. Equine Personal Liability coverage will help protect you.
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23. How quickly can I get coverage?
To obtain mortality coverage, we need a completed application, a Vet Certificate for horses valued over $100,000, a Foal Vet Certificate for foals under 30 days old, and payment.

E-mail, fax, or mail the required documents to us and as long as the information meets our underwriters' criteria, we can bind coverage immediately with your payment.
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24. What are my payment options?
You can pay by personal check, money order, or credit card. Payment plans are also available.

You can also make your payments online through our website. Just click on the "Make A Payment" button.
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25. What if I cancel my policy?
If you cancel your policy, the mortality premium and any loss of use coverage is returned pro-rated.

Other coverages such as medical/surgical and Territorial Limits Including Transit may be fully earned, so there would be no return premium on these coverages.

Premiums are fully earned in the event of a claim.
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Hallmark Equine Insurance Agency, Inc.
2130 Point Boulevard • Suite 150 • Elgin, IL 60123
(800) 734-0598 • (847) 844-8419 • Fax: (847) 844-8284
E-mail: info@hallmarkhorse.com
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