ORDNER INSURANCE INC
Specializing in Equine Farm Insurance
306 E Chestnut St
Corydon, IN 47112
Toll Free: 866-791-9197
More Equine Packages
Loss Of Use
If your horse becomes totally and permanently incapable of fulfilling the functions for which it is used, as stated on your equine mortality insurance policy, but its condition does not necessitate destruction for humane reasons, you may suffer a financial loss.
The Loss of Use extension to the equine mortality insurance policy will pay up to 50% (American Equine) or 70% (Great American) of the animal’s value if the company takes possession and or title to the animal. Great American will pay 50% of the value if you choose to keep your horse.
We provide you with coverage in the event of your stallion becoming permanently and totally incapable of impregnating mares as a result of accident, sickness or disease.
Care, Custody & Control
Equine Care, Custody or Control insurance is an essential coverage for all horse operations which involve non-owned horses, including boarding, breeding and training. Standard General Liability Insurance excludes coverage for personal property (horses are an example) in your Care, Custody or Control Care. This coverage fills this void by promising to pay all sums you are legally obligated to pay for damage to non-owned horses in your Care, Custody or Control. This coverage does not apply to horses that you own or lease. Mortality Insurance is designed for these needs.
Your policy will cover up to the chosen policy limits for the injury, theft or death of the horses in your Care, Custody or Control. Policy limits are available up to $2,500,000 per horse and $5,000,000 maximum loss per policy year.
Defense costs for lawsuits are also included in this coverage including the cost of bail bonds, interest on judgments against you and expenses you incur at our request to assist in the defense, including loss of earnings, up to $100 per day.
Individual Horse Owners
Horse Owners are faced with unique liability exposures that may not be adequately covered under normal personal liability policies such as a homeowner policy. Our companies have specifically designed an insurance policy to cover the horse owner’s legal liability for both bodily injury and property damage to others resulting from horse ownership. Individual owners of personal or show horses who do not derive income nor are involved commercially are eligible.
Liability coverage, including defense costs, is available with limits up to $1,000,000. Prices are very competitive, beginning at only $40 per horse, subject to minimum premiums.
Coverage includes the promise to pay all sums you are legally obligated to pay for “Bodily Injury” and “Property Damage” arising from your horse ownership, plus costs to defend you. This includes the cost of bail bonds, pre-judgment interest and expenses you incur in assisting us in your defense, including up to $100 per day loss of income.
Riding Club Liability
Riding clubs and their varied functions pose unique liability exposures, which need specially designed coverage tailored to these needs. Our Riding Club Liability programs have the flexibility to be custom tailored to cover such exposures as premises liability for meetings and fund-raisers, trail rides, boarding, clinics and public events (i.e. shows and parades). The policy can be written on a short-term basis for one-time events or annually.
Coverage is designed to insure the club and its members for sums legally obligated to pay for bodily injury and property damage resulting from club activities. Liability limits are available up to $1 million.
Race Horse Owners Liability
Many people own race horses as an investment or simply as an enjoyable hobby. The forms of ownership are many — including but not limited to individuals, partnerships, corporations, etc. These owners face unique liability exposures for injury or damage resulting from the ownership of these horses. As a business exposure, this liability is normally excluded under any personal homeowner insurance the owner may have.
Our insurance companies that deal with race horses have recognized this need and in response to that need our insurance companies provide a Race Horse Owners Insurance Policy (RHO) for racing stock owners that are not directly involved in breeding, training or racing, but contract with independent contractors. Certificates of Insurance should always be obtained from these independent contractors.
Should a person be injured or property damaged as a result of your horse racing activities, our insurance companies will, subject to policy exclusions, defend you in court and pay claims for which you are legally liable. Policy limits are available up to $1,000,000.
Our companies provide broad catastrophic umbrella protection over and above Farm, Auto and Watercraft primary liability coverage. In today’s environment characterized by rising values and an increasingly litigious society, often times primary liability limits of $500,000 to $1,000,000 prove disastrously inadequate to protect your assets.
The umbrella coverage includes defense coverage plus some additional coverages not included on primary liability policies. Available limits range from $1 million to $25 million with very competitive pricing and a self-retained limit of only $1,000.
Frequently Asked Questions:
The cost of obtaining equine insurance is minimal when compared to how costly a major illness, injuries, colic surgery, death, or a lawsuit can be. Typical policies will probably cost you less than the expenses of a weekend horse show.
Mortality coverage for a horse is similar to life insurance for people. It will cover your horse should it die or need to be euthanized due to illness, disease, accident, injury, theft, or transportation anywhere in the continental USA or Canada. It also provides some coverage for colic.
Major medical & Surgical coverages can be added to a mortality policy to help protect you and your horse from financial hardship attempting to cure an illness or injury. Too often, a horse is injured, or colics, therefore requiring expensive surgery which would save its life. However, due to the unexpected nature and cost, this isn’t always possible, and ends with the horse suffering or dying.
Unfortunately, there’s really no good way to answer this question without requesting a quote. Premiums will vary depending on the breed and age of the horse, the value of the horse, the use, etc. Extended coverages are available for major medical/surgical coverage, as well as loss of use, infertility, or named perils. Contact one of our agents. We can quickly give guidance pertaining to costs.
To be covered in this instance, you may want to consider Private Horseowner’s Liability insurance. This coverage protects you should your horse cause damage to a person or property (if, for instance, they kicked an innocent bystander) by providing payments for bodily injury, property damage, and/or legal defense.
A recently purchased horse can be insured for its purchase price, but typically not more than that amount.
Yes, the submission of a substantiation of value form to your carrier documenting your horse’s competition record, breeding record, or professional training fees, should be sufficient to increase the value of your horse above the purchase price paid as long as your underwriter agrees that the amount you are requesting is reasonable.
When dealing with young homebred horses, most carriers determine the value of the horse by multiplying the horse’s sire’s stud fee at three times of that value. As the horse obtains training fees and a performance record, your agent can assist you with the process of increasing the value of the horse.
There is some variation of age coverage from carrier to carrier, but we do have access to carriers that provide coverage from 24 hours old to 20 years old.
Below are our agents who specialize in Horse Mortality Insurance: