Horses each have unique bloodlines, talents, training and potential. It does not take long to mount serious investment in the costs to bring a horse to its full potential. The potential loss of the horse and investment is why many owners buy life insurance for loss by death. However, most horse owners who buy life insurance on their horses also buy a surgical or major medical insurance endorsement. When a horse develops health or soundness issues, vet bills and surgical procedure costs can mount quickly, and surgical or major medical insurance can help pay for some of the expenses to treat a horse, giving it that chance to become well and sound. Ark Agency is happy to explain the differences in how these important coverages work, and to assist horse owners with choosing a limit and premium to suit their needs and budget.
A surgical endorsement protects against loss from covered and required equine surgical procedures. The Insurer generally agrees to pay veterinary surgical expenses within the policy limits and conditions for surgery that may save a horse’s life. A payment limit is set by the policy, usually between $5,000 and $10,000. Some exclusions will apply.
Another optional extra that can be tacked onto a full mortality policy is a major medical endorsement. The Major Medical Endorsement generally pays for veterinarian services to treat injuries sustained from accidents, illness, and disease. This coverage too has a set limit; usually between $5,000 and $10,000. Some exclusions and a deductible will apply.
If you want to learn more about our high quality livestock and horse insurance, give us a call today at (320)243-7250 or (800)328-8894.