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.
You’ve likely spent some time scouring the USEA Calendar to line up your 2022 competition schedule. Now that spring has sprung, it’s time to plan some cross-country schooling outings to make sure you and your horse are as ready as possible. If you own or manage a facility that welcomes guests for haul-in schooling, you’ve likely noticed horses and their humans showing up in droves to get their practice in. A successful off-site schooling day has many, many moving parts. From paperwork and payment to safety, these best practices for hosts and guests will help everything go as smoothly as possible.
US Equestrian is pleased to announce the Land Rover U.S. Eventing Team for the CHIO Aachen CCIO4*-S at CHIO Aachen World Equestrian Festival in Aachen, Germany, from July 1-2, 2022. The team will be led by Chef d’Equipe Bobby Costello.
The countdown is on for the 2022 USEA American Eventing Championships presented by Nutrena Feeds! This year, the USEA AEC moves to the beautiful Rebecca Farm in Kalispell, Montana. The AEC will move back to the Kentucky Horse Park in 2023, so if you have ever dreamed of riding in the Flathead Valley of Montana with views of Glacier National Park, you won’t want to miss this year’s very special opportunity.