Is Logans equine insurance right for you?
Logans is a livestock specialist that has been insuring horses for decades, and is one of the largest equine insurance providers in Australia. If you need cover for a horse, chances are Logans can provide it for you.
What kind of cover is available?
Insurance is typically taken out for specified periods of time, after which Logans may choose whether or not to offer a renewal. Where needed, you may be able to get policy extensions, rather than renewals.
Generally, policies automatically cover you in Australia and New Zealand, although they can also apply in other countries if you have prior approval from Logans.
A full range of cover types is available, to insure almost any horse as needed. Options include:
- Logans Equestrian Cover Pack (LEC Pack). Equestrian cover for riding, competition and pleasure horses.
- Standard cover. Basic mortality, theft and unlawful castration insurance.
- Stallion insurance. A range of cover designed especially for stallions at stud.
- Thoroughbred mare insurance. Specialised cover for mares.
- Stud package policies. A range of policy options for studs to insure their capital assets and income.
- Syndicated horse insurance. Policies that let you personally insure your share of a syndicated horse, or for a syndicate manager to arrange on behalf of members.
- Transit insurance. Short-term policies designed to cover a horse while in transit.
The LEC Pack
Designed for insuring hacks and any other pleasure, riding or sports horses. At its core this insurance pack includes death and theft cover, then you can add optional extras as needed. It is the only Logans horse insurance policy that includes public liability insurance.
You can insure multiple horses under a single LEC Pack, but each horse may be assessed individually. This policy covers you throughout Australia and New Zealand, up to the lesser of either the horse sum insured or its market value at the time of an insured event.
The LEC Pack automatically includes:
- Death cover: Covers your horse up to the sum insured for death resulting from accident, sickness or disease.
- Theft cover: Covers your horse up to the sum insured for its theft.
You can choose to add the following:
- Veterinary fees cover: Select up to $1,000, $2,000 or $5,000 of cover per year for vet bills resulting from accident, sickness or disease.
- Legal liability: Choose up to $500,000, $1 million or $2 million of cover per occurrence, for injury or damage liability.
- Saddlery and tack: Add cover for theft, damage or loss of saddlery and tack.
- Stallion infertility: Cover for stallion infertility resulting from accident, sickness or disease.
The cost of your policy depends on your sum insured and selected extras, as well as other factors such as class of use and evidence of health issues. You may be required to provide a veterinary certificate as part of your application.
This is basic insurance to cover horses against death, theft or unlawful castration. It can be taken alone, or in combination with other specialised cover types.
This is an extension of standard cover, designed for insuring stallions. You can take out cover against:
- Stallion Infertility: Commonly referred to as “ASD insurance”. This covers stallions against permanent infertility resulting from accident, sickness or disease only. It does not cover congenital infertility.
- Stallion loss of income: If your stallion is unable to fulfill its stud duties in a specified breeding season, you can be insured against loss of income. The sum insured is dependent on the number of mares booked, the stallion’s fee and its fertility rate.
- Stallion first season congenital infertility insurance: If a stallion is set to stand its first season at stud you can insure it against the chance of congenital infertility issues. The terms may vary, but it most commonly covers stallions that fail to achieve a 60% fertility rate with a minimum of 20 mares.
Thoroughbred mare barrenness insurance
This type of cover is generally only used when a nomination has been purchased for a particular mare without being subject to a 45-day positive pregnancy before payment is due.
Unborn foal and embryo insurance
Insurance for an unborn foal provides cover in the event of it not surviving birth or reaching a certain age. This type of cover is typically taken out between the time a mare tests pregnant, and a foal reaching 30 days of age.
Embryo transfer insurance is also available, to cover foetuses from 60 days after implant to 30 days after birth, or longer when necessary.
Syndicated horse insurance
This policy can be taken out by an individual who wants to insure their own share of a syndicated horse, or by a manager on behalf of members. It generally covers death or theft of a horse.
You can buy this short-term insurance to cover horses while they are in transit either in Australia and New Zealand or overseas.
What exclusions should I be aware of?
You will not be covered for losses resulting from the following:
- Confiscation, war and industrial strikes
- Pre-existing illnesses or injuries of the animal
- Use of the animal for a purpose other than those specified in the policy
- Avian influenza or mutant variants
- Hendra virus if your horse is not vaccinated
- Anything that happens after the insured animal has been sold, given away or changed ownership
It’s also important to note that you will need to inform Logans in the following circumstances:
- You sell or part with an insured horse
- An insured horse undergoes any surgical operation
- The horse is ill or injured
You should also note the following conditions:
- If your horse goes through a public auction and doesn’t attract any bids higher than the sum insured, your new sum insured will be the highest bid.
- You are required at all times to provide proper care, attention and veterinary treatment for the animal.
- In the event of the horse’s death, you are required to arrange a post mortem and autopsy to determine the cause of death, and notify Logans immediately.
How do I make a claim?
Contact Logans immediately in the event of death, lameness, illness, accident or disease of an insured horse, and seek veterinary attention for the animal as soon as possible.
You and the vet will be required to complete a claim form.
If the claim is for the death of an animal, a post mortem will be needed to determine the cause of death, before you submit your claim.