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.
The great football coach Vince Lombardi said, “We win our games in practice.” With the goal of having the most effective practices possible for horses, their riders, and their coaches, Cathy Wieschhoff explains some signs that can indicate when horse and rider should repeat an exercise, switch it up, or be done with that activity. Wieschhoff brings perspective as a five-star rider that has competed at the Kentucky Three-Day Event and Burghley Horse Trials, a USEF “R” Course Designer for eventing cross-country and show jumping, a former Area VIII chair and member of the USEA Board of Governors, and a Level V USEA ECP Certified Coach based out of Carriage Station Farm in Lexington, Kentucky.
The United States Equestrian Federation (USEF) is pleased to announce the Land Rover U.S. Eventing Team for the FEI Eventing Nations Cup Poland CCIO4*-NC-S at the Strzegom Horse Trials (Poland) from June 21-25, 2023. The team will be under the direction of USEF Eventing Emerging and Development Coach Leslie Law.
The United States Eventing Association, Inc. (USEA) is excited to announce the launch of the USEA Young Event Horse (YEH) New Judge Education Program. Qualifying candidates, who are no longer required to hold a USEF judge’s license, will be encouraged to sign up to participate in the YEH New Judge Education Program to receive certification to judge the Jumping and Galloping phases of Young Event Horse competitions.
USEA podcast host Nicole Brown is joined by Dr. Barry Miller of the Virginia Tech Helmet Lab and Catherine Winter of Ride EquiSafe for an important, informative, and engaging discussion about helmet safety. For more than a decade, the Virginia Tech Helmet Lab has investigated helmets in football, cycling, equestrian sports, and more, collecting more than 2 million data points related to injury and biomechanics research.