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DO
I REALLY NEED EQUINE MORTALITY INSURANCE?
FULL
MORTALITY COVERAGE
WHAT
IS FULL MORTALITY COVERAGE?
WHAT DOES IT COVER?
WHAT IS
THE COST FOR FULL MORTALITY COVERAGE?
MAJOR
MEDICAL AND SURGICAL COVERAGE
WHAT
IS MAJOR MEDICAL COVERAGE?
WHAT DOES
MAJOR MEDICAL INSURANCE COVER?
HOW MUCH
COVERAGE DOES MAJOR MEDICAL PROVIDE?
HOW
MUCH DOES IT COST TO ADD MAJOR MEDICAL COVERAGE?
SURGICAL
ONLY COVERAGE
WHAT
DOES SURGICAL ONLY INSURANCE COVER?
HOW MUCH
COVERAGE DOES SURGICAL ONLY PROVIDE?
HOW MUCH DOES
SURGICAL ONLY COST?
LOSS
OF USE
WHAT
IS LOSS OF USE COVERAGE?
HOW MUCH
COVERAGE DOES LOSS OF USE PROVIDE?
WHAT IS
THE COST TO ADD LOSS OF USE COVERAGE?
LIMITED
MORTALITY COVERAGE
WHAT
IS LIMITED MORTALITY INSURANCE?
WHAT DOES LIMITED
MORTALITY COST?
GENERAL
QUESTIONS
HOW
DO I APPLY FOR INSURANCE?
IS
A PAYMENT PLAN OFFERED FOR THESE TYPES OF INSURANCE?
WHAT
OTHER TYPES OF COVERAGE ARE AVAILABLE FROM E.P. BISHOP CO.?
DO
I REALLY NEED EQUINE MORTALITY INSURANCE?
At E.P. Bishop Co., we
understand that to own & raise a horse, or to train, show, or
perhaps breed as well, can be a financial & emotional
commitment. Realistically, a fine horse should be protected for
both of these reasons because injury can occur easily.
Horses can contract any number of illnesses and life threatening
diseases. Caring for a horse under these circumstances can be
very, very costly.
Equine Mortality insurance from
E.P. Bishop Co. is designed specifically to protect your financial
investment, and at the same time, enables you to protect and care
for your horse.
FULL
MORTALITY COVERAGE
WHAT
IS FULL MORTALITY COVERAGE?
A Full Mortality policy
provides life insurance protection for your horse for a period of
(1) year.
WHAT
DOES IT COVER?
Full Mortality can cover
foals, stallions, mares and geldings of any breed. It insures your
horse against death due to an accident, injury, illness or
disease. It includes humane destruction to relieve incurable and
excessive suffering. It also includes theft and transportation
protection.
WHAT
IS THE COST FOR FULL MORTALITY COVERAGE?
The annual premium is
determined by a rate from E.P. Bishop Co. based upon value, breed,
age & use of the horse. (example:
$10,000 value x 3.5% rate= $350)
MAJOR
MEDICAL AND SURGICAL COVERAGE
WHAT
IS MAJOR MEDICAL COVERAGE?
Major Medical is an endorsement to the Mortality policy and it
provides Medical & Surgical coverage for your horse for a
period of (1) year.
WHAT
DOES MAJOR MEDICAL INSURANCE COVER?
Just as people can be faced with unexpected medical bills,
your horse, due to an injury or illness, could also create
unexpected medical bills causing a financial burden. Major Medical
covers treatment for reasonable and customary charges performed by
a licensed veterinarian necessitated by an accident, injury,
illness or disease. This coverage also provides protection for
your horse should emergency surgery be needed.
HOW
MUCH COVERAGE DOES MAJOR MEDICAL PROVIDE?
Major Medical provides up to $7500 worth of coverage per
insured animal for emergency vet care or emergency surgery. This
coverage is subject to a $250 medical deductible per claim.
HOW
MUCH DOES IT COST TO ADD MAJOR MEDICAL COVERAGE?
The cost per year, per animal is $250.
SURGICAL
ONLY COVERAGE
WHAT
DOES SURGICAL ONLY INSURANCE COVER?
If you horse needs to have surgery because of an illness or
injury, the full cost of surgery will be covered subject to a
$0-$50 deductible. The surgical policy will also pay a portion of
the cost of the surgeons miscellaneous fees. These charges are
normally for anesthesia, hospitalization, x-rays and lab tests.
The surgical insurance does not
cover castration, surgery for cosmetic reasons, caslicks or for a
pre-existing condition that your horse had prior to the effective
date of your policy.
HOW
MUCH COVERAGE DOES SURGICAL ONLY PROVIDE?
Surgical only provides necessary surgery for the horse limited
to a total of $5,000 including the operation fee and the surgeons
miscellaneous fees.
HOW
MUCH DOES SURGICAL ONLY COST?
Equine surgical insurance will cost $85 per year.
LOSS
OF USE
WHAT
IS LOSS OF USE COVERAGE?
Loss of Use is an optional disability coverage that is added
by endorsement to your Full Mortality policy and covers your horse
for (1) year. It is a condition which does not necessitate humane
destruction, but due to an accident, injury, illness or disease,
the horse is permanently disabled and cannot perform the functions
as stated in the policy.
HOW
MUCH COVERAGE DOES LOSS OF USE PROVIDE?
Loss of Use coverage provides a payment of 50-75% of the
horses declared value under the Full Mortality section of the
policy.
WHAT
IS THE COST TO ADD LOSS OF USE COVERAGE?
Annual premiums range between 2.5-3.75% of the declared value on
the Full Mortality portion of the policy and whether you wish to
purchase accident, sickness or illness coverage.
LIMITED
MORTALITY COVERAGE
WHAT
IS LIMITED MORTALITY INSURANCE?
Limited Mortality insurance covers your horse for specific
perils, such as: fire, lightning, wind storm, earthquake, flood,
theft, etc.... Unlike Full Mortality, you are not covered for a
cause of death or destruction if it is not specifically listed in
the policy.
WHAT
DOES LIMITED MORTALITY COST?
The rates vary from 0.5-1.5% of the value of your horse.
GENERAL
QUESTIONS
HOW
DO I APPLY FOR INSURANCE?
Whether
you are applying for Full or Limited Mortality coverage,
we at E.P. Bishop Co. do our best to make the
application easy. All that is required is a complete and
accurate application, and if necessary, your
veterinarian must fill out the Examination Certificate
to verify the horse's good health. (NOTE: UNDER CERTAIN
CIRCUMSTANCES A VET EXAM IS NOT REQUIRED. PLEASE CONTACT
E.P. BISHOP CO. TO CONFIRM IF AN EXAM IS REQUIRED.) Once
we receive all information requested, and it is
acceptable, we will bind coverage and request a policy
to be issued. We may however, contact you first in
the event we have any concerns and/or questions about
providing you with the proper coverage.
A
WORD ABOUT BINDING:
To make coverage simple and fast so that you can rest easier,
we can bind your coverage by facsimile. You can also have your
veterinarian fax their examination. We will consider your policy
bound, unless we request other necessary information which you
will need to submit in order for us to approve your application.
IS
A PAYMENT PLAN OFFERED FOR THESE TYPES OF INSURANCE?
Yes, at E.P. Bishop Co. we offer a variety of
payment options.
WHAT
OTHER TYPES OF COVERAGE ARE AVAILABLE FROM E.P. BISHOP
CO.?
COMMERCIAL LIABILITY * HORSE
OWNERS LIABILITY * FARMOWNERS PROPERTY * FARM PERSONAL
& COMMERCIAL AUTO * CARE, CUSTODY & CONTROL *
HORSE SHOW COVERAGE * CLUB LIABILITY * UMBRELLA *
WORKERS COMPENSATION
ALL TAILORED FOR THE EQUINE MARKET
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