Q12) How do premiums relate to age, type, and use of horse?
Insurance rates vary by age, by breed, by discipline, and by classes of
horses within each breed and discipline. It may not be possible to insure a
horse in its mid-teens, for instance, whereas it would be comparatively simply
to insure a younger animal.
Type makes a significant difference in availability
and cost of insurance: halter horses, for example, cost much more to insure than
do performance horses, because their physical condition is generally very poor.
Another factor is the use of the horse: a horse used exclusively for pleasure
riding will cost less to insure than the same horse used as a show horse. A
horse that competes in a discipline with a higher statistical risk will cost
more to insure: a horse used for three-day-eventing or for steeple chasing, for
instance, will be more expensive to insure than that same horse used exclusively
for dressage or other flatwork.
Is there a short-term coverage for travel or shipping?
Limited Mortality insurance is often referred to as
"shipping insurance." It covers death due to accident during the
period contracted for the coverage.