For large commercial equine operations, it is essential that all horses in the business are protected with an insurance policy specifically designed to meet individual owner needs and at the same time ensure proper equine coverage. You might be a top level rider with a string of horses or maybe you are a breeder or an owner with several imported sport horses. Whatever the case, it is important that each horse is covered by an equine insurance plan to hedge against the unforeseeable.
What most people who are in this situation don’t realize is that there are additional insurance options out there for them. Parker Equine Insurance goes beyond the individual insurance plan for the individual horse. Most people don’t know that you can group your horses together into one large insurance policy that has a deductible on the mortality as opposed to several individual policies. Most people also don’t realize that creating coverage like this, with the help of your insurance agent, can save owners time and a lot of money.
“People don’t know about deductible policies,” says Donna Parker of Parker Equine Insurance. “It’s is a shame because the savings can be huge.”
Huge indeed. If horses are put together in one insurance policy, it brings down the morality insurance rate. Mortality rates can drop as much as 60 percent. It does require a minimum number of horses or a minimum total insured value.
“You are combining young horses with older, more seasoned horses, into one policy,” says Donna, “so the young horses who are less at risk, bring down the mortality rates on the older competition horses. The major medical is added on the same way as an individual policy, so if you don’t have a mortality claim in two years, you save enough to pay the deductible should there be a mortality claim.”
The savings can be great. Not only does the mortality rate drop, but the deductible does too, and this can lead to even more money saved.
Additionally, there is the peace of mind of knowing that all of your horses are covered under one complete plan, because, let’s face it, the one that has a claim is always the one you didn’t buy insurance for. The hassle of multiple insurance plans, different payment schedules, and different policy expiration dates is taken out of the equation.
The bottom line is, if you think you are in the market for multiple horse insurance such as this, ask your insurance agent about this option. Coverage such as this is personally customized, and you are not going to see plans like this offered on standard equine insurance websites. Owners need to inquire.
“Bundling horse insurance is something we definitely do,” says Donna. “We recently designed a policy for a well-known professional event rider covering all her horses in a large group plan. Customized plans are something we are very happy to set up for people who have a large string of horses.”
Parker Equine Insurance will work closely with you to acquire the best coverage to protect all of your horses during training or competition and well into their future. A customized insurance plan covering multiple horses is worth the inquiry. To find out more about Parker Equine Insurance, please visit www.equine-ins.com and be sure to follow Parker Equine Insurance on Facebook and @equine.insurance on Instagram.
All the major contenders passed the eventing final horse inspection at the Tokyo Olympics and will carry on to contest the show jumping phase in a few hours’ time.
The ground jury (Nick Burton, GBR, Christina Klingspor, SWE, and the U.S.A.’s Jane Hamlin) and vets only failed to accept one horse - Fantastic Frieda, ridden by Poland’s Joanna Pawlak, who had completed the cross-country in 41st place with a refusal and 25.2 time-faults.
The FEI has announced that the Swiss horse Jet Set, ridden by Robin Godel has had to be euthanized after pulling up extremely lame on the Sea Forest Cross Country Course during Equestrian Eventing at the Olympic Games Tokyo 2020 on August 1, 2021.
In 2002, at the age of 15, I was at my Aunt and Uncle’s farm in Maine while Tremaine Cooper was there building some cross-country jumps. I helped him build a trakehner, not realizing that this day would set the course for my future. A few weeks later he called asking if I could help him at Millbrook Horse Trials. From there I helped Tremaine during most of my school vacations and throughout the summers. After graduating high school I kept at it never looking back. I lived the gypsy lifestyle for about six years going from coast to coast and event to event. In 2013 my wife Kathryn and I settled down in Lexington, Kentucky. These days I spend roughly 60-75 percent of my time on the road preparing events or building private schooling areas. I’ve had the privilege of being involved with some really great events around the states and have cultivated many friendships all over the country. In 2019 I was asked to be a part of Team Evans Olympic cross-country building crew. As I write this I am on my third trip to Tokyo. Here’s a day in Tokyo . . .
The British team cemented their gold medal position at the Tokyo Olympics with three magnificent cross-country performances, all clear inside the time. Added to that, their first rider, Oliver Townend, holds pole position individually after the dressage leader, Germany’s Michael Jung, picked up 11 penalties for triggering a frangible device.