Mortality Coverage
Mortality Coverage Defined:
Mortality Coverage is a life insurance policy for your horse, covering death from any cause, with certain exceptions stated in your policy. Loss of Use and Major Medical coverage may also be available with the purchase of mortality insurance.
What Is Covered?
The policy covers both death due to accident or illness as well as veterinarian recommended euthanasia agreed to in advance by the insurance company's adjuster. In addition to mortality, the policy also covers theft of the insured horse.
What Is Not Covered?
Mortality due to the following causes are not covered:
- Pre-existing conditions.
- Medication given without veterinary approval.
- Unapproved surgical procedures, except when performed by a veterinarian to end inhumane suffering.
- Malicious intent for fraudulent gain by the policy holder, his employees or agents.
Are All Horses Eligible For Coverage?
All horses certified by a veterinarian to be in sound health at the inception of the policy are eligible. Statements of condition, signed by you certifying sound health may be accepted depending on the insured value.
Major Medical Coverage
Major Medical Defined:
Major Medical coverage reimburses you for veterinarian fees and medical treatment including surgery caused by an accident, injury or illness. Payment is based on "reasonable" and customary charges.
Coverage Limits:
Major Medical (incl. surgical)
Coverage Limit: $7,500 per year
Deductible: $250. per claim
Surgical (only)
Coverage Limit: $5,000 per year.
Deductible: $50 per claim.
What Is Not Covered?
- The policy does not cover pre-existing conditions, routine health maintenance, congenital birth defects, and elective surgery.
- It also does not cover procedures and performance enhancing treatments such as chiropractic, massage, acupuncture, corrective shoeing and intramuscular or intra-articular injections of synovial fluid stimulators or replacers.
- Transportation of the horse and veterinary travel is excluded in addition to treatment required due to negligence or willful poisoning.
Are All Horses Eligible for Coverage?
- Horses through 15 years based on January 1 birthday are eligible.
- Surgical coverage alone is available for all horses. (If you are interested, please ask us about this coverage.)
- Racing horses and horses intended for racing are not eligible for major medical or surgical coverage.
Loss of Use Endorsement
Loss Of Use Defined:
The coverage provides reimbursement for an insured horse which becomes permanently incapable of fulfilling his use as stated on the application; and veterinarians have not recommended destruction for humane reasons.
What Is Covered?
A condition which is a direct result of an accident, illness or disease sustained or contracted during the policy period.
What Is Not Covered?
Pre-existing conditions and conditions that heal within a reasonable amount of time.
What The Endorsement Pays:
You have the option of accepting 50% of your horse's insured value if you wish to keep your horse. If you decide to euthanize your horse for economic reasons, the company will pay 75% of his insured value.
Are All Horses Eligible for Coverage?
Show and pleasure horses 12 years and younger are eligible for coverage; leased and sale horses, however, are not eligible. In addition to an acceptable veterinary certificate, the Insurance company must approve either a pre-purchase exam or a veterinarian's analysis of your horse's hocks and front feet based on x-rays taken within the prior 6 months in order to secure coverage. If you are buying a horse and definitely want loss of use, please be sure that the company accepts the pre-purchase exam before you pay for the horse.
For more information, email horse@marshallsterling.com.
| Cautionary Note: These forms are for illustration only. Specimen policies are available upon your request. This policy is not standard. Coverages differ from company to company. Please read carefully if comparing policies. |
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