I use Legis Equine and policy is through Great American. I'm happy with Legis...Great American is "m'eh." I stay with them because I'm in the insurance industry and just don't see the profit margin for major medical equine insurance* so i guess I figure i'm getting more than my money's worth with my sucky policy.
*I would suppose that all the mortality coverage without MM is where the profit is. MM seems like a losing proposition with performance horses, if you ask me.
"I am witty. Ask around." --Pat, COTH
you can contact markel and obtain insurance direct thru them. I've had Markel for years, then last year switched to Hallmark as Hallmark was slightly less and gave me a $3000 colic rider vs $2500 that Markel offered, and overall it seemed as I got more bang for buck over Markel but to be honest, I didn't scrutinize over the differences. Unfortunately I did have to file a couple of claims w/ Hallmark last year and found them to be quite good and timely w/ my claim so at present I have no complaints and just got my renewal notice.
I have my horse insured through Diamond State/American Equine Insurance. $300 deductibles, a $10,000 MM policy even though my horse is only insured for $5k under her Mortality policy, and no co-pays for diagnostics. The yearly premium is around $600. I went through Randy Levesque in Middletown, RI. PM me if you'd like his number.
Regardless of which insurance company you choose, make sure you know your policy inside and out! Is your horse insured for "agreed value" or "actual cash value" (fair market value)?
With agreed value, if your horse is insured for $10,000 and your horse dies, the insurance company will pay out $10,000, as long as there is proof of value. With actual cash value, you may be paying premiums on a $10,000 valuation for 5 years, but if your horse dies, the insurance company will only pay out what your horse is worth at the time of death, which is also known as fair market value. If the economy crashes, your horse was laid up with an injury at the time of death, etc., and the fair market value is only $4,000, that is unfortunately all you will get.
Most horse owners are under the impression that if they insured their horse for $10,000 and they have paid their premiums every year that they will get $10,000 if their horse dies. Unfortunately, no always true!
As well as knowing your policy inside and out, make sure to keep good records on your insured horses - including pictures, video and show records....and remember to continue to update them! We have done several very tough equine appraisal cases in which the owner did not have a single photo or video of their insured horse(s) that passed away, no show record, nothing....which makes it extremely tough to prove their value! And, if you feel the insurance company is giving you the run around, and you truly believe your horse is worth more, get your own independent Equine Appraisal done and present it to the insurance company. We do a lot of these...and it does work!
I'm getting it with hallmark. Nice people, better deal money wise and have heard good things about them
I can't say enough nice things about Hallmark! I had Markel for years, cannot say anything bad about them as I never had to file a claim with them. As mentioned, I switched to Hallmark as I felt the premium was lower for the same or better coverage. Their response time to questions and when I did have an emergency twice around midnight ) they were quick to call me back while I sat blubbering at the vet hospital.