| e: insurance@yearsleybloodstockgroup.com |
| p: 800-391-1993 | 859-219-2100 |
Welcome to Yearsley Bloodstock Insurance, specialists in Equine Insurance!
We believe in smart solutions in equine insurance, whether our clients have one or many valued horses! Our sophisticated equine insurance programs offer a balance of premium and coverage benefits far beyond a basic one year mortality policy. Clients with many horses can enjoy a specially tailored deductible policy, combining a spread of coverage with major premium savings. Clients enjoy the benefits from our many years of horse industry and equine insurance experience, combined with our special relationships with the world's leading equine insurance markets. Our dedicated team members are committed to our professional seal of service and customer satisfaction. We understand our clients have put their trust in us and should anticipate nothing less than a great customer experience whether it be in handling a claim or a simple service request. We remain committed to the belief that our clients value their relationship with us in both the short and long term.
You are welcome to contact us today and we look forward to the opportunity to earn your business!
Nancy W. Yearsley
President
The Yearsley Bloodstock Insurance Team
Yearsley Bloodstock Insurance (YBI) is a Leading Equine Insurance Agency serving clients in the Thoroughbred and Quarter Horse industry in addition to other select breeds and disciplines. Founded in 1991, YBI is distinguished by its exceptional team of people who work tirelessly each day to assist our clients in obtaining the special coverages that meet their specific insurance risks and needs. It is also distinguished by the exceptional expertise of its principal, Nancy Yearsley, gained through 20 years of success in the horse racing and breeding industries on a global level. Our Vice President of Operations, Ian Snow, is a former broker at Lloyd's of London who brings 30 years of equine insurance expertise to YBI. In his former position, he was instrumental in modernizing many of the equine insurance products now widely used in today's marketplace.
YBI is strategically headquartered in Lexington, Kentucky, the International Thoroughbred Breeding Capital of the world. We also have satellite offices in Southern California, at the heart of the U. S. Western Regional thoroughbred and quarter horse racing marketplace. We have select equine insurance agents in the field representing us at many major horse events.
Nancy W. Yearsley
Nancy Yearsley holds a Masters In Business Administration (MBA) from Vanderbilt University. She has spent a lifetime with horses from show jumping and fox hunting in Philadelphia, Pennsylvania to breeding and owning a number of graded stakes winning thoroughbreds and quarter horses throughout the country. She has also owned and managed one of the leading Thoroughbred stallions in California and was a leading consignor of yearlings in California in the 90's. She is a member of the Thoroughbred Owners and Breeders (TOBA), Kentucky Owners and Breeders, Kentucky Farm Managers Club, California Thoroughbred Breeders, American Quarter Horse Association, Pacific Coast Quarter Horse Association, etc. She also lectures on marketing and insurance in the equine industry.
Ian Snow - Equine Insurance Specialist
Ian brings over 30 years of experience in the equine insurance Industry to our team with a lifetime of Lloyd’s of London and London Company experience. He currently serves as our top equine insurance specialist and in this role he oversees all aspects of our business. Often you will find him explaining the intricacies of equine insurance to our clients, educating the customer service representatives or creating special equine insurance programs. If you need ultimate equine insurance expertise, Ian is your answer!
Prior to joining the Yearsley team, Ian built a solid reputation in the equine insurance industry in London dealing day to day with international clients as well as Lloyd’s and Company underwriters, both as a broker and as an account manager for a leading Lloyd’s Broker. He worked with over 35 agents worldwide and had special responsibility for South Africa. He has tremendous technical and administrative expertise resulting from his years in this industry and varied roles. He originally started out in 1977 in an underwriting agency, which specialized in horse insurance, before transferring to the placing of risks. Ian prides himself in his knowledge of policy wordings having been closely involved with the formulation of many of the current Lloyd’s bloodstock policy wordings. Ian also has extensive training in errors and omissions avoidance, market practices and computer literacy. Some of his vast responsibilities included technical standard of document production with particular reference to current market practice, suitability of wordings, extent of coverage and international compliance issues. He was also responsible for reorganizing filing systems, placing files, treaty statements and contract files. Ian holds the equivalent of a bachelor’s degree in business administration as confirmed by Hoffstra University.
Jennifer Lane – In House Equine Insurance Agent and Claims Manager
Renee’ Spivey – In House Equine Insurance Agent & Specialist
Chris Kotulak, Equine Insurance Producer
Chris began working for Yearsley Bloodstock Insurance Group in 2008 and is a star producer, making friends wherever his travels lead him!!
Jeanne Canty, Thoroughbred Insurance Producer – California
Product Selection
Insurance Overview You are here
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Insurance Overview
As global providers of horse insurance, we access the best and most innovative insurance markets, Lloyd's of London and select A-Rated Domestic Carriers. In addition to the traditional one year full mortality policy, we can offer important endorsements such as 12 month extension, Colic Surgery, Fall of the Hammer, Wobbler Syndrome and Stallion Permanent Disability due to accident, sickness or disease. We can also offer specialty products such as 30 day transit, 30 day claiming insurance, prospective foal and first season stallion congenital infertility. In certain breeds and disciplines, we can offer loss of use, major medical, and surgical endorsements. We are strategically located in the international Thoroughbred breeding capital of the world, Lexington, Kentucky in addition to the western domestic racing capital for Thoroughbreds and Quarter Horses, Los Angeles, California.
Product Selection
Insurance Overview
Basic Mortality Policy You are here
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Basic Mortality Policy
The basic policy is an annual policy that pays a claim if the horse should die or becomes a candidate for humane destruction resulting from a covered peril (accident, illness or disease) provided that the insured has complied with the policy terms and conditions. Humane Destruction is authorized if a veterinarian determines that a horse is suffering inhumanely or is a threat to itself or others. The policy also covers loss from theft under certain conditions.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements You are here
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Key Endorsements
We can offer key endorsements such as:
12 Month Extension -- In consideration of additional premium and for horses under a certain age, in the event of an accident, sickness, or disease immediately reported during the policy period, insurance coverage can be extended for up to 365 days after expiration and until such time as the accident, sickness, or disease is no longer life threatening. The average policy only offers a 30 or 90 day extension of coverage in the event of an accident, illness or disease.
Colic Surgery -- We can offer coverage for colic surgery and related expenses up to specified limits for a small additional premium. This can ease the financial burden of the cost of colic surgery. It is a condition precedent to the insured's liability that the covered horse does not have a history of colic and/or gastro intestinal disorders for this endorsement to apply.
Wobbler Syndrome -- For a horse that is suffering from cervical vertebral malformation and/or spinal cord compression and/or cervical compressive myelopathy. If the horse is diagnosed as a wobbler during the period of insurance and determined to be chronic and progressive in nature, then he would be a candidate for a claim should he meet other debilitating physical conditions as determined by underwriters.
Fall of Hammer Extension -- This endorsement extends the insured's insurance on horses sold at public auction until the sale contract is satisfied within the auctioneer's Condition of Sale for a specified period of time after the sale.
Stallion Permanent Disability Clause (Commonly referred to as Stallion ASD - Infertility due to Accident, Sickness, Disease) -- Insures in the event the stallion becomes permanently and totally impotent, infertile or incapable of serving mares as a result of accident, injury, sickness or disease sustained during the period of insurance. If a claim is paid, underwriters can elect to take title to and possession of any interest in stallion.
Surgical Operation Extension Clause -- Underwriters agree not to charge additional premium on certain surgical operations performed by a qualified veterinarian. Examples are arthroscopic surgery, gelding an animal and the agent needs to be advised in advance of the operation.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability You are here
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Stallion Permanent Disability Clause
(Commonly referred to as Stallion ASD - Infertility due to Accident, Sickness, Disease)
Insures in the event the stallion becomes permanently and totally impotent, infertile or incapable of serving mares as a result of accident, injury, sickness or disease sustained during the period of insurance. If a claim is paid, underwriters can elect to take title to and possession of any interest in stallion.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance You are here
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Prospective Foal Insurance / Unborn Foal Insurance
Prospective (unborn) foal coverage is to protect from the loss of an unborn foal, insurance commencing no earlier than 42 days in foal. A satisfactory insurance exam on the mare, a satisfactory produce history, an ultrasound and manual examination of pregnancy performed no earlier than the policy inception date and ultrasound confirmation that the mare is not carrying twins is required. Normally, the coverage runs until 30 days after foaling when it would expire. The 90 day extension can be added to extend coverage beyond 30 days to 120 days, if the foal is reported to have a life threatening condition during the initial policy period.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance You are here
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Barrenness Insurance
This type of insurance provides coverage should a qualified mare not get in foal to a qualified stallion. This coverage works in conjunction with Prospective Foal Insurance.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance You are here
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Foal Mortality Insurance
Foals can be insured for mortality from 24 hours old. This coverage is subject to a satisfactory insurance exam on the foal no earlier than 24 hours of age with a satisfactory IgG and on higher values, a satisfactory CBC (compete blood count). Foal insurance can also begin at 7 days, 30 days, 90 days of age or on October 1st and at each of these milestones, the premium rate decreases. Foal values can be agreed prior to foaling, so that when the foals are 24 hours old, coverage is automatically in place with satisfactory insurance exams.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy You are here
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Limited Perils Policy
This coverage is normally limited to 'Fire, Lightning and Transit'. There are different types of coverages that can be tailor made, for example, to include 'wild dog attack, electrocution, etc.' If the insured has a barn fire and he does not have mortality insurance, this insurance could provide coverage for such a catastrophic loss. The rates are lower than mortality rates.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy You are here
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Thirty Day Transit Insurance
This is a 30 day mortality insurance policy. Examples would be, if the insured is purchasing a horse at auction or is shipping a horse internationally. Call us to learn more.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy You are here
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Thirty Day Claiming Insurance
If the insured wishes to claim a horse, he can obtain 30 day claiming insurance which covers death due to a catastrophic injury, etc. Alternatively, the insured can request a one year Mortality Policy which includes the claiming insurance. This policy must be set up in advance.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy You are here
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Deductible Policy
Many large schedules contain enough horses to qualify for a deductible program. Substantial premium savings may be possible, depending on the level of deductible (self insurance) the client is willing to accept and the premium rate can be set much lower than the full mortality rate. Once the deductible has been exhausted, any further claims are paid in full. Minimum deductible amounts are also determined by the total value and mix of the schedule. The deductible policy is rated by the composition of the schedule, the claims history and other important variables. These policies can also offer a renewal credit and substantial savings.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance You are here
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
First Year Stallion Congenital Infertility Policy
First Season Stallion Infertility (often called Congenital Infertility) provides coverage should a stallion not get a certain percentage of mares in foal during his first season at stud. Please ask for details.
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability <-- Here
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Equine Owner / Trainer Liability Policy
This coverage protects the insured if he is found legally liable for injury to third parties and/or for losses to property of any third party. Normally the limits are per occurrence and in the aggregate. For example, a typical policy would state '$1,000,000 per occurrence and with $2,000,000 in the aggregate'. There is also coverage for defense costs.
What is Equine Owner / Trainer Liability and who needs this Coverage?
YES, IF YOU ARE IN THE BUSINESS OF:
- Owning horses
- Boarding Horses
- Training Horses
- Breeding Horses
- Racing Horses
- Providing Riding Instruction
- Conducting Horse Shows or Clinics
- Conducting Your Horse Operations as a Business
Yearsley Equine Insurance Group offers Equine Commercial Liability Coverage. This covers you if you become legally obligated to pay for a third party loss due to bodily injury or property damage arising out of your equine operations. You select the Limits of Liability to suit your needs. Principal coverage also includes Medical Payments and Fire Legal Liability.
Potential Exposures Include:
- A boarded Horse escapes from your farm and is struck by a vehicle causing injury or death to the occupants and damage to the vehicle.
- Your horse gets loose on the race track and runs over a bystander.
- A student you are instructing is thrown off one of your Lesson Horses and is injured.
- A spectator at your Horse Clinic is kicked and hurt by Your Horse while you are walking the Horse to the arena.
In the above scenarios, you could become Legally Obligated to pay for bodily injury and/or property damage to a third party. Without Equine Commercial Liability Coverage, you may have to pay a loss from the above scenarios through your own means. The Equine Commercial Liability policy pays all sums to which this insurance applies up to the policy limits. If that happens, legal costs and expenses could be an additional burden. The Equine Commercial Liability Coverage will pay legal costs to defend any suit against you in addition to the policy limits.
For more information on Coverage, Limits, and Cost please contact us!
Yearsley Equine Insurance Group
Office: (859) 219-2100 or TOLL FREE (800) 391-1993
Email: insurance@yearsleybloodstockgroup.com
yearsleybloodstockgroup.com
(8.5.09 NWY)
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care Custody Control Liability <-- Here
Frozen Semen Insurance
Exotic Animal Insurance
General Information
Liability Insurance for horses in your Care, Custody, Control
This Liability Coverage protects the insured if he is found legally liable for horses in his care, custody or control. The insured can determine what limits he would need and there are limits to the aggregate.
'What would happen if you were found legally liable for death or injury to a horse in your Care, Custody or Control?'
Are you in the following business?
- Boarding
- Training
- Breeding
- Transporting
For Non-Owned Horses That Are In Your Care, Custody, or Control
Most Commercial Liability Policies exclude coverage for death or injury to non-owned horses in your Care, Custody, or Control.
Equine Care, Custody, or Control Coverage covers you if you become legally obligated to pay for a loss caused by death, injury, or theft of any non-owned horse in your Care, Custody, or Control. The Care, Custody, or Control Coverage is available as additional to Equine Liability Coverage.
What potential Exposures might you have?
- A Non-Owned Horse in Your Care, Custody, or Control is struck and killed by a vehicle after escaping from your paddock.
- A Non-Owned Horse dies in an accident while being transported by you.
- A Non-Owned Horse gets loose during training by you and injures itself.
- A fire in your barn destroys several Non-Owned Horses.
On the above scenarios, you could become Legally Obligated to pay for death or injury to the non-owned horse. Your Commercial Liability would not cover you. Without Care, Custody, or Control Coverage, you may have to pay a loss on the above scenarios through your own means. If that happens, legal costs and expenses could be an additional burden. The Care, Custody, or Control policy will also pay legal costs to defend any suit against you, subject to the policy limits, terms, and conditions.
Premium for the limits chosen will be rated on the average number of horses in the care of the insured or the total number of horses stabled in any one barn, whichever is greater.
Transportation Extension Endorsement Optional: Can also be added for extended transportation to an unlimited radius and unlimited trips for a small additional premium.
For more information on Coverage, Limits, and Cost please contact us!
Yearsley Equine Insurance Group
Office: (859) 219-2100 or TOLL FREE (800) 391-1993
Email: insurance@yearsleybloodstockgroup.com
yearsleybloodstockgroup.com
(8.10.09 ABIC- NWY)
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance You are here
Exotic Animal Insurance
General Information
Frozen Semen Insurance Policy
This coverage would protect the semen from loss at either the storage site or container flask.
Overview of Frozen Semen In Transit and In Storage
Presented by Yearsley Equine Insurance
Frozen Semen in Transit
- Questions on Application – Who will transport, how much experience, basic route plan? How are tanks transported while in transit? How tanks split and how identified? Describe unit (make and model).
- Coverage – Physical damage caused by escape of nitrogen from container, fire, lightening, explosion, rail road, waterway, collision or overturn of road vehicle (non-owned), accident to aircraft, wind, cyclone, hail, earthquake, flood, impact of aircraft.
- Exclusions – Mysterious disappearance, loss from delay, loss of market or loss of use. Mechanical breakdown, electrical disturbance, latent defect or faulty material or workmanship, inherent vice, gradual deterioration, wear or tear. Loss while container where stored being worked on or by normal shrinkage. Loss from expansion of building or foundation.
Frozen Semen and / or Frozen Embryos In Storage
- Definition – Frozen Semen (FS) or Frozen Embryo (FE) means whole or in part.
- Fair Market Value (FMV) – willing buyer and willing seller – if claim, pays Fair Market Value.
- Covered Named Perils – Physical loss - fire, lightning, explosion; windstorm, cyclone, tornado, hail, earthquake, flood, volcanic eruption, impact by aircraft or objects falling from them; collapse of building, barn or shed; impact of motor vehicle other than transporting co.
- Territory Covered: USA, Canada.
Exclusions:
- Loss or damage from dampness, extreme changes of temperature, heating evaporation, leakage of contents, rust or corrosion, contamination, unless by covered peril.
- Loss or damage from any cause you were aware of or should have been aware of prior to inception.
- Loss from damage to premise where stored caused by normal settling, normal shrinkage or normal expansion in buildings or foundations.
- Any peril not included.
- Malicious, willful or intentional acts or omissions by you or family.
- Failure to provide proper care and attention to Frozen Semen or Frozen Embryo.
- Nuclear reaction, etc.
Suitability of Storage Vessel – Flask or container must be suitable for storage and in sound condition, free from defect and within manufacturers guarantee, must be maintained per manufacturers recommendations.
Sole Ownership – You must be sole owner of interest and cease immediately if whole/part is sold, leased or other means.
Your Responsibility – Provide proper care and attention to FS / FE. In case of physical loss must give immediate notice, preserve all physical evidence, and only after receive permission arrange for removal and disposal of remains. File within 60 days. Must cooperate, subrogate, etc.
Average: The sum insured is subject to average, such that if the total value of interest covered at commencement of loss be greater value than the declared value of the interest covered, then the sum insured shall be reduced by the same percentage that the declared value bears to the value of the interest at time of loss and insured shall be considered as being his own insured for the difference and shall bear the rate-able share of the loss accordingly.
Other insurance – If agreed, only FMV in same ratio of our limit of liability to the total insurance. Breach also goes to those in Care, Custody or Control.
Note: This overview does not replace the meaning of or actual policy and is not binding to the carrier or agent. It is meant to be used for information only.
Requires completed application to obtain a quote. Policy wording is also available.
Frozen Semen Proposal Form PDF
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance You are here
General Information
Exotic Animal Insurance Policy
Please ask us about Exotic Animal Insurance!
Product Selection
Insurance Overview
Basic Mortality Policy
Key Endorsements
Stallion Permanent Disability
Unborn Foal Insurance
Barrenness Insurance
Foal Mortality Insurance
Limited Perils Policy
Thirty Day Transit Policy
Thirty Day Claiming Policy
Deductible Policy
First Year Stallion Insurance
Equine Owner / Trainer Liability
Care, Custody, Control Liability Insurance
Frozen Semen Insurance
Exotic Animal Insurance
General Information You are here
General Insurance Information
What are the classes and rates? The rates differ by discipline and risk class (age/sex/use/breed). We can provide quotes and insurance on unborn foals, new foals, yearlings, racehorses, mares and stallions for many breeds and disciplines. We can also insure exotic animals.
What is the significance of the term 'Fair Market Value'? When an insured is attempting to determine the sum to be insured for a mortality policy, it needs to be understood that the policy is a contract of indemnity. It is therefore important to understand the term 'Fair Market Value.' This can be defined as the sum that a willing buyer and willing seller would agree to regarding the value of the horse. Therefore, Fair Market Value is the basis of valuation for insurance. (Please note - the policy only pays up to policy limits).
What is Justification of Value? Claims are based on 'Fair Market Value' at the time of loss and may, in certain circumstances, be settled for less than the actual sum insured. At inception of the policy, underwriters may require a 'justification of value' in order that they are satisfied that the horse's value is in line with the fair market value and some horses may continue to have their value reviewed during the policy period. This usually applies to racehorses, where the insured may be required to provide an updated justification of value at certain intervals (determined by the underwriters). If a horse is entered in a claiming race and could be claimed for an amount less than the sum insured, the claim payment will not exceed the lowest claiming price for which the horse ran during the policy period. It is important that the insured monitor the sum insured and always have the horse insured for the fair market value amount.
What are the insured's responsibilities on a new policy or an addition? In many cases, the insured can sign a 'Declaration of Health' stating the horse is in good health at inception of the policy or at time of addition. For higher values, underwriters will require an insurance exam from a licensed veterinarian. If the horse has a history of problems, the insured or veterinarian must disclose such information. Some problems are so far in the past that the insured should be able to obtain full coverage without an exclusion, provided that the horse has had no subsequent problems that may be related or attributable to the original condition. What the insured does not want to do is to fail to report any condition that might be material to the underwriting decision of the insurance placement. Such an act is called 'material non-disclosure' and will give the insurer the right to deny liability in the event of a loss.
What is 'Time on Risk'? | What is Pro-rata Addition/Deletion? This is the period of time that underwriters are actually on risk. For example, on an annual policy, Time On Risk is 365 days. If the insured should cancel the policy, the Time On Risk is the period from inception until date of cancellation. The insured would usually be eligible for a pro-rata return premium. Therefore, the insured should be able to delete and add horses on a pro-rata basis.
What is the importance of stating the Insurable Interest? The insured must state the percentage of ownership interest the sum insured represents. If he states that he owns 100% of the horse and, in the event of a claim, it turns out he only owns 50%, then he could be denied full coverage of the claim. Also, if he is insuring his and other peoples' interests, then he must state each owner's name and the total interest. The 'First Named Insured' on the policy is the person who is responsible for paying 100% of the policy premium and is the only person the underwriters will communicate with in the event of a claim. In the event that an owner sells part of the horse to others, this must be reported immediately to the agent or coverage could cease. New partners can be added by endorsement as additional owners or the insured can reduce his interest and additional owners may insure on their own policy.
What is the significance of the Territorial Limits? Normal policy limits are within USA and Canada. If the insured wishes to extend the limits to worldwide or Europe, he will need to notify the agency for approval prior to relocation and an additional premium may be charged.
Emergencies / Claims / Checklist
Thank you for insuring with Yearsley Bloodstock Equine Insurance and please find the following important information:
WHO TO CALL IN CASE OF EMERGENCY:
· Ketch Claims Adjusters @ (800) 732-6012 – If after hours, please follow the emergency line prompt.
· Yearsley Bloodstock Insurance @ (800) 391-1993 / (859) 219-2100 Office – If after hours, please follow the emergency line prompt.
Emergencies & Claims
· Emergencies or Claims - immediate notice of illness or injury must be given to claims adjuster listed and to us.
· Euthanization - Permission must be obtained to euthanize an insured animal. In extreme emergency situations, consent to euthanize is not required if it is not possible to report at the time and an attending veterinarian states that immediate euthanasia is necessary to prevent inhumane suffering.
· Emergency Surgery - In the event of emergency surgery (necessary to save the life of an animal) and there is not sufficient time to call the claims adjuster or agent, permission is not necessary. In this event, notice within a reasonable period of time is required.
Please Do:
· Report emergency or loss immediately.
· Contact your veterinarian immediately.
· An autopsy and postmortem examination at the owner's expense must be obtained
(do not remove animal from premise prior to autopsy).
· Call police in case of theft shooting or vehicular involvement and do not neglect a
police report if needed.
Please read this checklist:
Gelding a horse - you must obtain permission in advance (not to be withheld).
Elective Surgery - you must obtain permission in advance.
Permission for elective surgery must be obtained in advance.
Pre-existing conditions must be disclosed before insurance coverage goes into effect.
The animal must be healthy at the inception date insurance.
Proper medical care must be given to all insured animals.
Nerving a horse without notice and consent will result in loss of coverage.
Medications must be given by a qualified veterinarian or experienced person under the direction of a qualified veterinarian.
Entry of an animal in a claiming race or a lower valued claiming race will reduce the amount of coverage.
Please call these procedures to the attention of anyone having care, custody or control of the insured animal/s.
Please be aware of your territorial limits.
Please Note: Failure to comply with the policy terms and conditions could jeopardize your coverage.
If in doubt or for further information, please call us! Thank you.
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Payments
Thank you for being a Yearsley Bloodstock Insurance customer.
Please find the following convenient payment options:
Pay by Check and mail to:
Yearsley Bloodstock Insurance
3070 Lakecrest Circle
Suite #400-252
Lexington, KY 40513
Pay by credit card: Please find attached form for your completion. Please complete, sign and fax to our office, fax (859) 219-1178. If you have questions please contact us at (859) 219-2100 or insurance@yearsleybloodstockgroup.com.
Credit Card Authorization Forms: PDF / DOC
No fee for credit card payments for $5,000 and under. A processing fee will be charged for any fees over $5,000. Please inquire.
Pay by wire: You are welcome to pay at any local US Bank, which are conveniently located in many cities or City National Bank which is conveniently located in Los Angeles. Please ask our call our office for the wiring information.
Thank you for your business!
Location
Mailing Address:
3070 Lakecrest Circle
Suite #400-252
Lexington, KY 40513
Office Location :
861 Corporate Drive
Suite #205
Lexington, KY 40503
Email: insurance@yearsleybloodstockgroup.com
Phone (859) 219-2100
Fax (859) 219-1178
Hours of operation: 8 a.m. to 6 p.m. M-F EST
EMERGENCIES: In case of emergency, please call the Lexington office and follow the prompts to contact our emergency claims line. You must provide immediate notice to us if your horse becomes injured or is sick.
Toll Free: (800) 391-1993
http://www.yearsleybloodstockgroup.com
Additional Information
Los Angeles Office
Phone (310) 306-7800
Fax (310) 306-2222
Hours of operation: 9 a.m. to 5:30 p.m. M-F PST
Click on the map for a Mapquest.Com map.
