What You Didn’t Know About Equine Insurance
You’re about to apply for equine mortality insurance on your new horse. What you might not know is that these policies are unique, and some features of this type of insurance might surprise you. For example:
- The insurance company, from the moment it agrees to insure your horse, has a vested interest in the horse. Once the company agrees to insure your horse, it has a right to know when your horse has become injured or ill – and promptly. This blog has addressed this right in the past. The insurance policy gives the insurer that right, and the insurer takes that right very seriously. After you report a problem, the company’s claim representative might became active in following – or possibly controlling – your horse’s care. Claims staff often speak with attending veterinarians. Also, claims staff might arrange for a second opinion or arrange removal of the horse for veterinary attention.
- Even if your horse has certain unsoundness problems, the insurance company might still insure the horse (with special conditions or exclusions). Regardless of the type of insurance, truthfulness in the application process is paramount. Equine insurance applications require disclosure of your horse’s veterinary history as well as any history of illness or lameness. In addition, some insurers might also require a Veterinary Certificate of Examination or health statement.
Many people assume that a horse with a history of lameness or colic is totally uninsurable. Not necessarily. An equine insurer still might be willing to insure the horse, but with special conditions and limitations. That is, the policy might have an exclusion preventing coverage for a claim arising directly or indirectly from a described, condition. For some horse owners, a policy with an exclusion still offers acceptable protection because coverage might be available for other, unrelated conditions that could arise in the future. Also, depending on the horse’s condition, insurers might be willing to remove certain exclusions upon renewal.
Equine insurance issues can be complex. Direct your questions to a knowledgeable attorney or insurance agent.
Julie Fershtman is considered to be one of the nation's leading attorneys in the field of equine law. A frequent author and speaker on legal issues, she has written over 400 published articles, three books, and has lectured at seminars, conventions, and conferences in 29 states on issues involving law, liability, risk management, and insurance. For more information, please also visit www.fershtmanlaw.com and www.equinelaw.net, and www.equinelaw.info.View All Posts by Author ›
Our Equine law blog (and its author) in the news!
Julie Fershtman, author of our popular and prolific Equine Law Blog, was interviewed by the State Bar of Michigan. The interview, which called Fershtman "Lawyer-Blogger," discussed our Equine Law Blog. We truly believe that this blog is the nation's most active blog serving the equine industry on equine law topics, and we thank you for visiting it. Read more here.
Honors & Recognitions
Equine lawyer, Julie Fershtman, has received these prestigious equine industry awards from respected equine organizations:
"Excellence in the Advancement of Animal Law Award" - American Bar Association Tort Trial & Insurance Law Section Animal Law Committee
"Distinguished Service Award" - American Youth Horse Council
"Industry Service Award" - Michigan Equine Partnership
"Catalyst Award"- Michigan Horse Council
"Outstanding Achievement Award" - American Riding Instructors Association
"Partner in Safety Award" - American Riding Instructors Association
"Associate Service Award" - United Professional Horseman's Association
"National Partnership in Safety" Award" - Certified Horsemanship Association
What our Equine Law Services can Provide
Handling breach of contract, fraud/ misrepresentation, commercial code, and other claims involving equine-related transactions including purchases/sales, leases, mare leases/foal transfers, and partnerships.
Litigating disputes in court or through alternative dispute resolution (arbitration, mediation, facilitation).
Defending equine/farm/equestrian industry professionals, businesses, and associations in personal injury claims and lawsuits.
Drafting and negotiating contracts for boarding, training, sales, waivers/releases, leases, and numerous other equine-related transactions.
Representing and advising insurers on coverage and policy language as well as litigation;
Advising equine industry clubs and associations regarding management, rules, bylaws, disputes, and regulations.
Representing some of the equine industry's top trainers, competitors, stables, and associations.
Counseling industry professionals, stable managers, and individual horse owners.
THE NATION'S MOST SOUGHT-AFTER EQUINE LAW SPEAKER
Did you know Julie Fershtman has spoken at the American Horse Council Annual Meeting, Equine Affaire, Midwest Horse Fair, Equitana USA, US Dressage Federation Annual Meeting, North American Riding for the Handicapped (now PATH International) Annual Meeting, American Morgan Horse Association Annual Meeting, American Paint Horse Association Annual Meeting, US Pony Clubs, Inc.'s Annual Meeting, All-American Quarter Horse Congress, American Youth Horse Council Annual Meeting, American Riding Instructors Association Annual Meeting, CHA Annual Meeting, and numerous others? Consider signing her up for your convention. Contact Julie.
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