Animal health insurance
People make use of various insurance plans such as life insurance cover and health insurance policies which are useful in emergency situations. On the similar grounds it is suggested that you should extend the same logic to your pet animals. The attention paid to animal welfare and health plans can provide better environment.
Here you can find detailed information on insurance plans applicable to horses. You need to select and agree to pay the insurer for a particular insurance plan. The following situations explain you about getting reimbursement amount from the insurer.
Mortality - The insurance company gives protection on account of animal death as a result of injury, the illness condition or loss of animal due to theft. The owner of the animal is reimbursed with equivalent monitory amount. The insurance premium amount is to be paid to insurance company which is decided on nature of usage of animal, the age of animal at the time of starting the insurance. The insurance premium chart also varies according to the breed and sex of animals.
Transportation - Horse is covered with full mortality, while it is being shipped to another location. In transportation type of insurance the time limit is specified by the insurer. In case your transportation time increases, you will be denied the reimbursement.
Major Medical and surgical Insurance coverage is provided for the cost of all medical and surgical expenses up to a maximum amount of $7,500 per policy year. Suppose medical and surgical incident happens more than once, the amount of $250 is deducted from the second incidence onwards. The annual premium cost per horse is $150 for major medical expenses and you need to pay $85 on account of surgical expenditure. The insurance cover is not applicable for horses used in racing activity or the one's who undergoes racing training. Horse's upto the age of 14 or 15 are eligible to get insurance cover. You can also choose only surgical coverage incase if you feel insurance for medical expenses is not desired.
Loss of use This coverage is available for jumpers and other types of performance horses such as cutting and reining horses. The insurer will pay a maximum of 75% of the animals value in case the horse is permanently enable to perform its function as a result of accident, injury or illness. The coverage is not applicable to horses which are engaged in the racing activity.
Stallion Accident, sickness and disease In case stallion meets with an accident to a great extent or suffers with disease for long duration, it becomes permanently incapable of impregnating mares. Under this situation, you will be paid between 65% and 100% of the amount of indemnity due under the mortality cover.
Named Perils Your animal is protected by insurance cover if death is caused due to fire, lightning or during transportation. The other situations of earthquake, flood, attack by wild dogs, and collapse of buildings may result into the death of animals, in these cases insurer provides protection.
Payment plans Premium payment can be selected according to your choice for example you pay 20% as the down payment and balance in 9 monthly installments. Insurers offer variety of payment plans. You can use VISA and MASTERCARD FOR premium payment.
Valuation of your horse Generally the purchase price of the horse is taken as an insurance value. You have an option to increase the horse value by addition of transportation cost from the point of purchase, sales tax and other expenses incurred.
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