Archive for the ‘Articles’ Category

Photo Courtesy of Rachel Shultz

Although we often say we “love” our cars, boats or homes, the emotional reasons for insuring them are slight compared to the deep loss we would feel should we lose a horse. Because our hearts become involved, we may allow ourselves to spend large amounts of money trying to save a horse which may ultimately need to end in euthanasia. Mortality Insurance helps recover some of those financial costs, allowing us to concentrate on healing our emotional loss. It covers death by any cause, any place.

While most high-end horses are insured due to the large investment associated with their purchase & care, it is smart to insure horses for other reasons as well. Parents of young, first-time horse owners find Mortality Insurance especially practical should this loss occur. In addition to parents and the owners of high-end horses, we recommend Mortality Insurance for horse owners who lease their horses for others to ride.

Besides covering loss by death, Mortality Insurance covers theft and emergency colic surgery. Colic is the leading cause for the humane destruction of horses by veterinarians. When surgery is recommended, it must be done immediately to save the horse’s life. The surgery can be expensive, leading to a difficult decision for the owner. Having Mortality Insurance in place makes that decision easier and may prevent unnecessary death.

You can find Mortality Insurance and determine the amount of coverage you’ll need for your horse by simply speaking with a qualified agent. Some of the things a good agent will consider are the purchase price, discipline, age, breed and training. There are several insurance companies who provide Mortality Insurance. When you call an Oak Springs agent, we can help you find the best Mortality Insurance and rates for your horse.  Contact our Oregon Office for referral to an agent near you: 503-363-1975

Written by Janet Spingath,  Agent for Oak Springs Insurance Group, LLC

Personal Liability Insurance is designed for people who do not use their horses for anything they get paid for. It is not intended for anyone who trains horses, gives riding lessons, breeds for sale or shows professionally. This is like auto insurance for your equine ride. If your horse injures someone or damages property, you can be held liable, just as if you had injured someone or damaged property with your car. The main difference being that unlike your car, a horse can think for itself and cause trouble while you may be miles away! The insurance will pay for damages or defense up to the limit of the insurance.

The horse boarding business can be risky and more barn owners are getting smart and asking clients to carry their own liability insurance for their horses. This protects the owner from potential lawsuits for damages or injuries caused by their boarder’s horses. Barns are notorious places for human and animal injuries, personal property damage and other barn “dramas”. Owners protect themselves by posting rules, having signed liability waivers, carrying liability insurance and requiring boarders to carry different insurances such as personal liability and mortality/ emergency colic insurance.

Personal Liability Insurance is not limited to just the barn location; it covers your horse wherever it goes. If you’ve owned a horse for any amount of time, you are probably familiar with what might happen. Stories are traded daily. Problems are limited only by a given situation and a horse’s imagination. This insurance stays with your horse while you own it.

The premium is paid for the year, and varies in price depending on how much coverage you are wanting. Coverage ranges from $100,000 to $1,000,000 per occurrence per year. It will pay for medical care, property damage and/or legal defense. The price is typically from $150 to $450 per year.

This insurance is easy to get quickly. There are no statements of value, vet checks or performance records to submit. It is one of the essential insurances for horse ownership along with mortality insurance. Together they protect you from potential financial loss associated with owning a horse.

Written by Janet Spingath,

Agent for Oak Springs Insurance Group, LLC

Colic is the number one natural killer of horses. It is a painful condition in the abdomen. It can be caused by many things such as impacted feed, a twist in the digestive tract, parasites or tumors. Understanding the causes of colic is important in it’s prevention. Emergency sugery for colic must often be obtained quickly, but it is effective in saving a horse’s life. Do you know the signs of colic in horses? Horse mortality policies sometimes include a certain coverage for emergency colic surgery. To qualify for this insurance underwriters want to know the horse’s colic history. They also want to know that your horse has a good vet who visits regularly. The location of the nearest emergency equine surgery center is also important when being considered for this coverage. The best insurance against colic is prevention. Keep informed about this condition, watch for signs and know your horse!