October 3, 2017 — Horses are an investment and establishing the value is important to protect this investment.
Determining the insurance value of your horse
||I would like to insure my horse for mortality insurance, how do I determine the insurable value?
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:
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.