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Originally Posted by Antitrust32
I work for the largest Equine Insurance company in the world.
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.
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.
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No I am not confused NOR do I not comprehend that it does logically seem impossible to pay a mortality check on a live horse ...
BUT--I viewed the actual check as per KY.com and it does indeed say MORTALITY claim on Thorn Song ( less deduction ) ...
So THEY called it as such, paid out as such, and though I am not in the biz, I assume that is how they did it considering that the horse was a total ...
And they knew the horse was not dead---see for yourself ...
When I said check in my original post, I meant THAT particular check--not all mortality checks of course ..
I do ubnderstand LOU, and I do understand what mortality means ..