Loss of Use Endorsement

professional horse insurance specialists

This coverage is available on some horses depending upon their use, age, value, and other factors.
It is a type of coverage that is added by endorsement to a Full Mortality Policy, and insures against financial loss to a horse owner in the event an insured horse becomes permanently incapable of fulfilling the functions for which it is used as stated in the policy.

A description of these two types follow:

Full Loss of Use

This coverage provides that in the event an insured horse becomes permanently incapable of fulfilling the designated 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.  Limits and Policy Conditions vary from one insurance company to another.  Some exclusions apply.

Limited Loss of use (External Injury Only)

This coverage provides that in the event an insured horse becomes permanently incapable of fulfilling the functions for which it is used as stated in the policy, as a result of external, accidental and violent means, but its condition does not necessitate destruction for humane reasons, the Insured will be paid a percentage of the horse’s insured value.  Limits and Endorsement Conditions vary from one insurance company to another. Some exclusions apply.

A third type of Loss of Use Coverage insures against Stallion Infertility:

Stallion Infertility Endorsement Due to Accident, Sickness & Disease

This coveage is available on “proven” breeding stallions.  Qualification depends upon age, value and other factors.
This type of coverage insures against:

Financial loss due to the insured “proven” stallion becoming permanently impotent, infertile, or incapable of breeding mares, which must be the result of an accident, illness or disease.

Stallion Infertility coverage is added by endorsement to a Full Mortality Policy.  Policy conditions vary from one insurance company to another.  Some exclusions apply.

People who read this page may also be interested in:   Horse & Equine Insurance – Life Ins, Horse & Equine Surgical & Major Medical Insurance, Animal Air & Ground Transit – Insurance,  Horse Owner Liability Insurance

Where to Begin

Call or e-mail an Ark Agency Representative for an estimated premium, policy and company details, and qualification requirements.  We work with several insurance companies and rates and coverage conditions vary.  We will help you determine which application to use and advise on how to put insurance in force.

*General information is provided on this insurance topic.  Acting on our coverage recommendations does not guarantee coverage if you have a loss or claim.

 

 

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Ark Agency Animal Insurance Services shared University of Minnesota Equine Extension Program's photo. ... See MoreSee Less

Friday Funny! Hats off to a great weekend.

3 days ago  ·  

We highly recommend teaching regular safety training at your stable. One emergency people don't think enough about is how they would free a horse that got a tied lead, cross tie or other type of rope wrapped about the horse's neck, head or halter. There are other situations like this that can happen to other parts of a horse's body - with horses anything can happen and it is good to be prepared --- kinda like knowing where your fire extinguisher is, if it is functional and how to use it.

With a rope emergency, using a knife with a point in an emergency near the neck or head of a panicking horse is not the best idea, and we've found that neither smooth nor serrated blades work fast enough. We just ordered the product attached to this post. Have a look at the video. Let us know if you have used one. We plan to test it on different thicknesses, plies, and types of webbing, rope and leather as in the video and will report on this again soon.

youtu.be/edQdttqfPIg
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2 weeks ago  ·