31 replies to this topic

[krissylekrix2001]

I think that a $5k mortality w/ major medical is $367 w/ Jarvis...could be wrong....there are diff levels of deductibles/copays, not sure what I have.

[Slide]

I've put in a claim with Jarvis before. My policy with them was overseas with Lloyds of London and not as competitive as other products that I saw later while I was working in the industry. The downside was a co-pay and limited diagnostics. I'd look carefully at your policy and shop around. American based (admitted in your state) companies have stricter regulations.

S

[krissylekrix2001]

Hmmm...Lloyds of London is actually not an insurer, but is a meeting place and provides clerical service to members (who are insurance companies)...I just took my insurance licensing exam is the only reason I know that! ...who do you recommend?

[Lynsong Acres]

DEFINITELY insure... I let somone talk me out of insuring our mare, which we were only going to show a few times, and tragedy struck! A dog came into our front acre yesterday evening and chased the two horses around. The mare in my avatar, our 16 yr old 1/2 arab (and a birthday present from my daughter) ran into the hitch of our gooseneck trailer with such force that she shattered her shoulder. She was euthanized last night.

I sure wish I hadn't listened....

[miriggs]

i wouldkeep her insured. she is coming to an age of uninsurable. i dropped insurance on one of my mares when it became obvious she wasnt going to get pregnant. she severaly foundered shorty afterward and less than a year later ihad to put her down. i paid a heavty amount of money for the "aftercare" which i could have paid out of the small loss coverage. i guess it really depends on how far you would go if somethingunexpected were to happen.


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[windridge]

I think that is a decision everyone has to make for themselves. I usually do not insure mine although if I have one that is very valualbe or will be showing a lot then I do insure. But, especially when I was up to 10 it really was not cost effective so I was basically self insured. I over the past 15 years I did have 2 that needed to go to clinics- one had colic surgery at Cornell the other was worked up and euthanized. While it was no fun paying the bills in the long run I don't know that I wouls have been further ahead to have them insured. Both were homebred, the one that had surgery was only a yearling so would not have been insured for much at that point.

Here is a question for those that do know about insurance- using my yearling gelding who my fiance pointed out was not worth the $10,000 that the surgery would cost (although quickly decided it was in his best interest not to protest). Would insurance still cover the cost of a procedure or treatment if it was going to be more than the value of the horse or would they prefer to have them euthanized.

[dowedoit]

I think that is a decision everyone has to make for themselves. I usually do not insure mine although if I have one that is very valualbe or will be showing a lot then I do insure. But, especially when I was up to 10 it really was not cost effective so I was basically self insured. I over the past 15 years I did have 2 that needed to go to clinics- one had colic surgery at Cornell the other was worked up and euthanized. While it was no fun paying the bills in the long run I don't know that I wouls have been further ahead to have them insured. Both were homebred, the one that had surgery was only a yearling so would not have been insured for much at that point.

Here is a question for those that do know about insurance- using my yearling gelding who my fiance pointed out was not worth the $10,000 that the surgery would cost (although quickly decided it was in his best interest not to protest). Would insurance still cover the cost of a procedure or treatment if it was going to be more than the value of the horse or would they prefer to have them euthanized.

I think Slide answered this already - see post #10. Most insurers do not provide major medical coverage at the same amount as the mortality insurance (only less). 75% of mortality was the figure she gave, but I assume that depends on many variables, including value of horse, use, age, history, etc.

[Slide]

Great American will let you insure for more major medical than the horse is worth. I cant imagine that they've changed that in the last two years.

(edit for clarification): The policy I had with Jarvis was overseas and surplus lines (I'll try and find it to get the exact carrier) I'd rather have an admitted carrier like Great American and American Equine insurance group. Most of the insurance that is marketed to Arabian owners is surplus lines. Surplus lines carriers aren't regulated the same way and are akin to a bank not being FDIC insured. Surplus lines = non-admitted.

A good agent/broker will have access to several reputable A-rated, admitted carriers that can't quote between companies and advise you on the best company/policy for your needs.

I know there's Jarvis, Agririsk and Markel agents around reading this. They all may have something that you like and are comfortable with and that's great. It's about filling your needs and mitigating your risk.

Edited by Slide, 01 May 2012 - 09:06 AM.

[Gogetter]

I am basing my opinion to NOT insure on the age of her horse. Not sure how many of you saw that he's 16. It is true that it will be hard to find a company that will even cover him. If she can find one that will cover major medical, then a minimal policy of $5000 to cover at least part of emergency colic surgery, for instance, would be a good idea. But I don't know of any companies that will insure at his age.

[dowedoit]

Thanks for the correction and explanation Slide!