Nov 18, 2020

Bundling Horse Insurance with Parker Equine Insurance

By Jimmie Schramm - Athletux Equine
USEA/Jessica Duffy Photo.

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.

Oct 05, 2022 Competitions

Fast Facts: 2022 Morven Park International

And just like that, it is time for the Morven Park International! The prestigious event will take place Thursday, October 6, and run through Sunday, October 10 in Leesburg, Virginia. This is the event’s second year offering the CCI4*-L division, in addition to their CCI4*-S, CCI3*-S, and CCI2*-S divisions. That’s not all! The historic grounds at Morven Park will also host national divisions at the Novice, Training, and Preliminary levels.

Oct 04, 2022 Education

Jim Wofford Delivers His Fun and Education Formula at Woodside Clinic

Specifics of the "Fun & Education Formula" were provided to all at the Jim Wofford Clinic held on August 20 & 21 at the Horse Park in Woodside, northern California. Eager riders, auditors, and volunteers gathered for a much anticipated two-day clinic with the master bright and early Saturday morning.

Oct 04, 2022 Hall of Fame

Connections of Great Event Horse Eagle Lion Offered Invitation to USEA Eventing Hall of Fame

This year a new class will be joining the 47 eventing legends currently in the United States Eventing Association (USEA) Eventing Hall of Fame. Induction into the Hall of Fame is the highest honor awarded within the sport of eventing in the United States. Those invited to join the USEA's Eventing Hall of Fame have truly made a difference in the sport of eventing. Hall of Fame members have included past Association presidents, volunteers, riders, founders, course designers, officials, organizers, horses, horse owners, and coaches.

Oct 03, 2022 Convention

Announcing the Keynote Speaker for the 2022 USEA Annual Meeting & Convention: Dr. Sue Dyson

Have you ever wondered why your horse isn’t performing at their best? Get ready to learn about the many facets that can contribute to lameness and poor performance in sport horses from equine orthopedics expert, Dr. Sue Dyson! The United States Eventing Association (USEA) is pleased to announce that Dr. Dyson will be the keynote speaker at the 2022 USEA Annual Meeting & Convention in Savannah, GA this December 7-11.

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