All risks of mortality insurance provides coverage for the death or humane destruction of your horse as a result of accident, injury, illness, disease or theft.
There is no excess applicable to mortality or theft claims.
Your all risks of mortality policy automatically covers transit anywhere within and between Australia and New Zealand. Should your horse be travelling internationally and moving outside of these territorial limits, your policy can be extended to cover the relevant transit at an additional premium.
We offer short term transit policies that can be tailored to your requirements.
Please notify us before your horse undertakes any transit outside of Australia and New Zealand.
Prospective foal insurance protects your mare’s unborn foal in utero and protects your investment in the event the mare slips a foal, the foal is stillborn or fails to survive up to a nominated age following birth.
This coverage may be affected for the first time at 42 days after the last service date, or thereafter once the mare is confirmed ‘in foal’. This must be supported by a positive pregnancy scan noting ‘no evidence of twins’.
This policy usually extends to cover the foal after birth with various coverage options available. Typically, your policy can be extended to cover the foal up to 30, 60 or 90 days old, or through to 12 months after birth. Standalone 12-month policies are also available depending upon the your circumstances. Prospective foal insurance is underwritten individually as each mare is rated independently on several risk factors such as the mare’s age and breeding history.
The first available time to insure your newborn foal is from 24 hours of age. Coverage is subject to the standard EVA foal veterinary certificate of health, noting the IgG blood results > 800mg/dl, from 24 hours of age. A haematology report is also required on all foals insured at 24 hours of age where sums insured are $150,000 and greater.
There are also options to insure your foals from 30 days and 90 days old.
Weanlings and yearlings can be insured at any stage under the all risks mortality policy subject to a veterinary certificate and/or a declaration of health requirements.
Weanlings and yearlings purchased at public auction can be insured from fall of the hammer allowing you to breathe easy the moment the hammer falls.
Our Unsoundness of Wind Insurance provides essential coverage for weanlings purchased as pinhooks to be sold at yearling sales. This policy protects your investment if the horse fails to pass the scoping examination, either at the time of purchase or during a pre-sale farm examination. In the event of a claim, the payout will be based on the sum insured or the hammer price, whichever is lower, with no excess applicable to claims.
Please note that Underwriters will take full possession of the horse, with a potential buy-back option available depending on the circumstances.
Meaning simply that, should a claim occur and be agreed by Underwriters, the full sum insured as stated on the coverage summary of your formal confirmation paperwork will be paid out.
In the event your horse incurs a life threatening injury, illness or disease on renewal, coverage can automatically be renewed at the expiring sum insured until the first policy anniversary date after the horse reaches the age of 14 or until such time as the injury, illness or disease is no longer deemed life threatening, whichever is the sooner.
All risks of mortality insurance policies can be extended to include additional coverages for racing colts or stallions standing their first season at stud.
This extension covers stallions becoming totally and permanently infertile or incapable of serving broodmares as a result of an injury, illness or disease. This policy extension can also be extended to cover racing colts with stallion potential. This extension does not cover against the stallion being congenitally infertile (refer below for congenital infertility insurance).
Commonly referred to as Stallion First Season Sire Insurance this coverage protects against your stallion being rendered sub-fertile as a result of a congenital defect or inability to breed. This form of insurance is highly specialised in nature due to its complexity and the paperwork required to obtain coverage, please give plenty of lead time before the start of the stud season.
Stallion owners and shareholders can protect their investments by insuring against a stallion’s loss of income which may result from a stallion being unable to fulfill his stud duties in a nominated breeding season. The sum insured is based upon the expected income from the season, this includes calculating the number of mares booked in for the breeding season, the stallion’s stud fee and the stallion’s fertility rate. This cover responds if the stallion’s fee income is lost due to the stallion being unable to breed for all or part thereof the insured breeding season.
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