Insurance Cover Explained

SUBJECT TO POLICY TERMS AND CONDITIONS :

All Risks of Mortality

Generally policies are for a continuous period of 12 months, although policies of varying duration can be incepted, depending on your requirements.

Underwriters will indemnify you as Owner/Assured, in the event of DEATH of your Horse due to accident, illness or disease and in the event of HUMANE EUTHANASIA due to injury/accident or illness/disease. In the case of Humane Euthanasia, you are insured where:

• the Underwriters have expressly agreed to the destruction of your Horse, or

• your Horse suffers an injury or is afflicted with an excessively painful disease and a qualified Veterinary Surgeon certifies that the suffering is incurable and so excessive that immediate destruction is imperative for humane reasons.

Death or Humane Euthanasia must occur during the Period of Insurance, or within the extension period noted therein as noted in the Policy.

Theft
Underwriters will indemnify you as Owner/Assured in the event, during the Period of Insurance, of :

• THEFT of your Horse, or

• DEATH directly resulting from the theft of your Horse, or

• DEATH or permanent LOSS OF POSSESSION directly resulting from the UNLAWFUL REMOVAL of your Horse, or

• Malicious or willful CASTRATION by or on behalf of those responsible for the unlawful removal of your Horse.

Transits
Underwriters will indemnify you as Owner/Assured in the event of DEATH of your Horse as a result of an accident/injury sustained during transits (road, sea, air - whether local or international) during the Period of Insurance.

FOR EACH of the aforementioned circumstance giving rise to a claim, Underwriters liability shall be limited to the ACTUAL VALUE of your Horse at the time of death/occurrence, but NOT exceeding the sum insured. In other words, the policy is a MARKET VALUE policy NOT an Agreed Value Policy. In special circumstances however, Underwriters may agree to an Agreed Value Policy.

Stallion First Season Congenital Infertility
Underwriters will indemnify you as Owner/Assured in the event of your STALLION failing to attain a predetermined level of fertility, normally 60% of mares covered, during his first season at stud.

Stallion Permanent Infertility (due to Accidents, Sickness or Disease)
Underwriters will indemnify you as Owner/Assured against the loss which may be incurred in the event of your STALLION becoming, during the Period of Insurance, or any extension period agreed by Underwriters, totally and permanently impotent, infertile or incapable of serving mares as a result of an accident, illness or disease sustained or contracted during the Period of Insurance and notified to Underwriters within that period.