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 Jack Bell Photography's photo. ... See MoreSee Less

“The essential joy of being with horses is that it brings us in contact with the rare elements of grace, beauty, spirit, and fire.” ~Sharon Ralls Lemon

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Ark Agency Animal Insurance Services shared ExtensionHorses.org's post. ... See MoreSee Less

CDL's, CMV's, ELD's and other confusing acronyms... Share with your horse friends! Our intent is to 1) define some of the acronyms and 2) explain when they may apply to you. This is in no way all encompassing of the mandate so be sure to review the linked documents below. Helpful brochure from American Horse Council: www.horsecouncil.org/wp-content/uploads/2017/12/ELD-Mandate-Brochure-2017.pdf Unabridged version of the mandate: www.ecfr.gov/cgi-bin/retrieveECFR?gp=1&ty=HTML&h=L&mc=true&=PART&n=pt49.5.390#se49.5.390_13

1 week ago  ·