Equine medical insurance can be difficult to understand, especially due to the differences between equine insurance and other insurances you may be used to. Loss of use coverage, for example, can be a useful extension of other equine medical insurances such as mortality and major medical insurance. While no horse owner wants to think of a scenario where their horse suffers a career-ending injury, accident, or illness, loss of use coverage can help provide financial assistance with vet bills and any other expenses should something happen.
“Loss of use” for horses is considered on a case-by-case basis. For some horses, it may be specific to a competition level or discipline. For others, it could be a loss of fertility. Horse owners have several options when it comes to loss of use insurance. For example, an owner can insure their horse for “full loss of use,” which is designed to reimburse the horse owner for a predetermined percentage of their horses' value should the horse become permanently and completely unable to fulfill its intended use. For full loss of use coverage, a complete veterinary evaluation of the horse is generally required. Another option is the accidental loss of use coverage covering exclusively external accidental injuries such as a trailer accident resulting in injury to your horse.
Most equine insurance is adjusted within a certain extent to fit the horse it is covering; however, many factors may change the type of coverage that is obtainable for your horse, such as their discipline, age, and medical history. Due to the nature of loss of use coverage focusing on unexpected injury or illness, older horses may not be eligible for coverage. Additionally, a horse with a medical history of something like colic episodes may not be eligible for coverage that includes colic. The horse's value may also the impact of coverage available depending on the carrier company. The easiest way to value a horse is from a purchase, but it is possible to change the valuation of your horse over time with proof of successful training and showing.
Should you need to file for loss of use with your horse, you must file your claim as soon as possible. After filing for loss of use, a veterinarian will need to assess your horse to complete your claim and verify for your insurance company that your horse will, in fact, be permanently unable to complete its intended use. Then, the insurance company will reimburse you for the agreed-upon amount or percentage of your horses’ value. Should your horse regain some ability to fulfill another use or even their prior intended use, later on, they are not barred from doing so. However, it’s essential to consult with your veterinarian regarding what is safe for your horse to participate in.
The range of options and decisions to consider when thinking about equine insurance can be overwhelming. Still, every horse owner needs to understand and be aware of their full list of options, especially when purchasing a new horse. The decision to insure your horse for loss of use has the potential to be a valuable tool in the face of an unexpected accident involving your horse.
Nestled in the heart of St. Louis County is Queeny Park, the former estate of the late Mr. and Mrs. Edgar M. Queeny. This gorgeous public park features trails, playgrounds, tennis courts, a dog park, and so much more. On any given day you can find cyclists, walkers, families, and more enjoying the sprawling grounds of Queeny Park, but once a year eventers take over as the park hosts the Queeny Park Horse Trials. It is not uncommon for park visitors to watch from a safe distance as horses gallop across the grounds at Queeny Park, making it an event that truly anyone in the community can enjoy. This family-friendly staple in the St. Louis equestrian community has run for over 40 years, offering eventers in Area IV and beyond the opportunity to enjoy the park's ample space and terrain during the weekend-long event.
Where can you find fierce competition at every level, an overwhelming team atmosphere, and tons of spirit? The USEA Intercollegiate Eventing Championships of course! The 2022 Championships get underway tonight at 6:00 p.m. EST with the Opening Ceremony and Senior Awards Presentation, and official competition kicks off first thing Saturday morning. A total of 87 championship competitors will be representing 12 schools and make up 22 championship teams which will compete over the course of the weekend at the Chattahoochee Hills Horse Trials.
Are you following along with the action from home this weekend? Or maybe you're competing at an event and need information fast. Either way, we’ve got you covered! Check out the USEA’s Weekend Quick Links for links to information including the prize list, ride times, live scores, and more for all the events running this weekend.
The United States Eventing Association (USEA) is pleased to welcome back longtime sponsor, FITS Riding, Ltd. for 2022. They are returning as a ‘Bronze Sponsor of the USEA American Eventing Championships presented by Nutrena Feeds (AEC)’, a ‘Contributing Sponsor of the USEA Adult Team Championships (ATC)’, a ‘Contributing Sponsor of the USEA Classic Series’, and a ‘Contributing Sponsor of the USEA Intercollegiate Eventing Championships.’ As a sponsor of these USEA programs, FITS will generously provide gift certificates as prizes for the Intercollegiate championship competitors, AEC and ATC competitors, and Classic Series winners.