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Originally Posted by prudery
While it is correct that the insurance company cuts a check on an insured horse, they can not receive a necropsy on a live horse ...
But they can pay out a mortality check on a live one ..
Confused ??? Not so much ...
Think of a badly damaged horse where euthasia MAY be indicated ...
The horse is considered a TOTAL---like a totalled car --whether it is euthanised or not...
The insurance company thus can pay out on the total loss--so even though the check shows a mortality, the horse MAY be alive, but a total loss ...
Just like the insurance company appropriates a totalled car, they may do this with a totalled horse, and chose to proceed further with its " salvage " or not ...
This was done with Your Host by Lloyd's of London ... Lloyd's took over the rehab and ownership of the horse, after a bad accident that produced multiple fractures, and he recovered to stand at stud and give us Kelso ..
In a sense it was done with Cigar--who was a total loss as far as breeding worth ...
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I work for an Equine Insurance company.
We can not, will not, and never have paid a mortality claim on a horse that is alive. We REQUIRE necropsy reports on dead horses to be able to pay a claim. (this was proved to not be true)
Check out my post above that discussed Loss Of Use, or Stallion Accident, Sickness & Disease.
it is 100% different than a mortality claim. Loss of Use claims do happen, we pay out about 75% of the horses value and we get ownership of the horse. or you have the option of getting a lower amount and keeping the horse. My company does NOT offer LOU to race horses. Also, you dont automatically get a LOU payment if your horses loses its use. You have to buy coverage for LOU (3.75% rate here).
Cigar and War Emblem fall under AS&D. Insureds can purchase AS&D for Stallions and if they fail in the breeding shed (like dont have live sperm like Cigar and War Emblem at first), then they can get a claim paid.
I think you are a little confused about the word mortality. It is impossible to pay a mortality claim on a live horse. Thorn Song obviously had AS&D or LOU or a fraud situation occured. (this sentence was also proved not to be true)