To Our Customers Impacted By The Recent Storms
We hope you and your family are safe. If you have been affected by one of the recent hurricanes or tropical storms and need to make an insurance claim, please call 1-800-362-7535 or click here to file your claim online.

August 10, 2017

August 10, 2017 — Horses are an investment and establishing the value is important to protect this investment.

« Read more

Determining the insurance value of your horse

Q:
  I would like to insure my horse for mortality insurance, how do I determine the insurable value?
A:  

Horses are an investment and establishing the value is important to protect this investment. An equine Mortality policy is designed to reimburse your financial investment if you were to lose that horse today. At Markel, we offer an Agreed Value policy and the horse’s value is established by its original purchase price or stud fee paid. However, there are other factors that play a role in determining the value:

  • The horse can be insured for more than its original purchase price once you have invested additional training, successful showing, or even breeding to the horse. The increase in value can be demonstrated by submitting the horse’s show, breeding, and/or training records.
  • If the horse was homebred, the insured valued begins with the stud fee paid. This value will depend on the age when the insurance policy is acquired. We may also require confirmation of value by submitting the horse’s show, breeding, and/or training records. Markel establishes the horse’s value prior to the policy being taken out, which will provide you with peace of mind in the event of a covered claim. The insured value is different for each individual horse, so please reach out to your agent or underwriter to discuss your options. Remember the insured value can be adjusted anytime during the policy period on a healthy horse.

The information provided in this article is intended for general informational purposes only and should not be considered as all encompassing, or suitable for all situations, conditions, and environments. Please contact us or your attorney if you have any questions.