ASK THE EXPERT.
KEEPING STALLIONS
COVERED
WHEN THAT SMART COLT PROVES TO BE A STALLION PROSPECT, ONE IMPORTANT CONSIDERATION IS INSURANCE. KBIS OUTLINES THE COVER AVAILABLE WHEN
T
he right insurance policy is an important consideration for all horse owners, but a stallion’s potential value makes our choice even more crucial. Cover offered by KBIS for stallions used for breeding and or dressage is essentially the same as for any other leisure or competition horse. The exact cover that is available will depend on the stallion’s value, age and activities he is used for, however typically, there are options to include cover for mortality, vet fees, permanent loss of use, and public liability. There’s a variety of cover options depending on the stallion’s age. Ensure he is in the correct class of use for the level you are working at, both at home and out competing, and the policy will cover for both breeding purposes and competitive ridden work simultaneously. If the stallion is used solely for breeding purposes, most cover options are still available to him. Whilst Permanent Loss of Use cover is not available for breeding purposes, KBIS can offer Stallion Infertility which covers total permanent infertility or
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COMPETING AND inability to serve mares. This is referred to Underwriters on an individual basis to work out terms to suit everyone involved. The value of a stallion for insurance needs to be carefully considered, especially if his progeny were starting to do well in futurities or in competition, increasing his financial worth. wners can revise the amount their stallion is insured for in line with his current market value at any point within the policy period. The exact documents required to do this depend on the value, the cover in place and which contract the stallion is insured on. If you think your stallion’s value has increased or is likely to in the future, call your insurer and they will be happy to run through what is needed in line with the changes you wish to make. Subject to no claims, cover can also be reduced at any point during the policy period, for example if an older stallion is becoming less fertile or is just less fashionable’. If a claim has been made, the changes would need to be made at renewal because the full policy premium is then due. wners who wish to compete their stallion may opt to have him gelded for
AT STUD.
ease of management, but wish to continue breeding via fro en semen there may also be a demand for fro en semen to ship to mare owners some distance away or overseas from a competition stallion that does remain entire. While cover for fro en semen is not available under a standard policy, KBIS is happy to approach Underwriters on an individual basis to confirm the cover and terms available. Whilst some owners choose to insure and others decide against it, there is one type of insurance you should not be without Public Liability. Some owners believe this is more expensive for stallions however, at KBIS, there is no difference in premiums charged for Public Liability, regardless of whether your horse is a stallion, gelding, mare, foal and so on This is the one piece of insurance KBIS encourages all owners to have. ou can include this on a horse insurance policy for as little as 20 a year or take out a standalone policy from less than 50.
