Insuring a racehorse isn’t just for elite stables with million-dollar horses. It’s a critical, risk management tool for anyone who has invested in a valuable equine athlete. The foundation of horse insurance is mortality insurance, which compensates the owner if the horse dies due to sudden onset accident, illness or injury. Many owners also add additional coverage for life saving medical and surgical costs up to $10,000.
Mortality premiums are calculated by a particular percentage of the horse’s market value, with extensions and excesses applicable. Ultimately, the cost to insure a racehorse is dependent upon age, sex, racetrack performance and pedigree. A two-year-old filly entering its first stakes race is a very different risk and premium to a six-year-old gelding.
Owners must weigh up the cost of coverage against the financial loss of an uninsured horse. For most, a tailored insurance package is as essential as a good jockey or experienced trainer. As an authorised representative of Logans Insurance, we offer very competitive rates to meet your equine insurance needs.
