insurance


Insurance is a necessity when it comes to horses and there are different levels of cover to suit your requirements. We talk to Kathy Tansey of Shearwater Insurance to help you bust through the jargon and avoid the common insurance pitfalls…


Why should I insure my horse? In this day and age insurance has become a necessity in life and even though you may pay out over many years and never make a claim, when faced with real problems and disasters, knowing


that no matter what issues you are up against, financial crisis will not be among them, is a reassuring comfort. Would any of us like to be faced with the dilemma of deciding whether or not we can afford to save the life of a much-loved horse when the medical options are there but the costs prohibitive?


All Risks of Mortality This is the starting point for almost all horse insurance policies and most companies will insist you take this cover as the core of your policy before adding other relevant sections. It covers death from accident, sickness or disease and normally theft as well. Once the horse reaches a certain age, which will vary from company to company, this will usually be restricted to death from accidental, external, visible injury only. This cover will compensate you for the destruction of a horse only if there are undisputable medical reasons for it and not if you decide to have the horse destroyed because you believe it to be in the animal’s best interests, as it is unsuited to light hacking or retirement.


Economic Slaughter, Permanent Incapacity and Loss of Use


All three of these are phrases used to describe very similar types of cover. The idea of this insurance is that it will compensate the policyholder in the event that the horse becomes permanently incapable of fulfilling the purpose for which it is insured due to an accident, sickness or disease. Most, but not all companies will give policyholders the option of either keeping the horse in retirement or having the horse


Equine Page 14 www.farmnequine.co.uk


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