Broodmare Insurance
Good coverage for owners of broodmares. The insurance includes limited life insurance and loss of use for breeding insurance. It also includes prospective foal and foal insurance, which is valid until the foal is 30 days old.
If you have Broodmare Insurance, you will receive compensation if the mare dies as a result of an accident or illness, if immediate euthanasia is recommended by a veterinarian or if the mare is lost and not found within 4 months despite a search.
Compensation will also be paid if a mare is ruled unusable for breeding, following an illness or accident. Full compensation for loss of use will be paid if the mare is euthanized, while a partial compensation will be paid if it is decided that the mare should live. Compensation of 10% of the mare‘s life insurance amount is paid for a prospective foal and foal, younger than 30 days old, if the mare is between 3 and 18 years old.
- Period of purchase: When a mare is 3-15 years old.
- Certificate: If the insurance amount exceeds ISK 1,000,000 it is necessary to include a certificate from a veterinarian about the general health of the horse (Note: This form is temporarily only available in Icelandic). The certificate must be less than 30 days old and the veterinarian must prepare the certificate on a form provided by VIS.
- Insurance amount: The insurance amount of limited life insurance is an optional amount. It is good to keep in mind that the compensation can never exceed the market value of the mare as it stands on the day of the accident. The insurance amount of the loss of use insurance is the same as the life insurance amount, less ISK 100,000. The insurance amount of the prospective foal and foal insurance is 10% of the mare's life insurance amount. The insurance amounts are stated on the quote, the insurance policy, and the renewal receipt. The insurance amounts will remain unchanged until the mare reaches the age of 19 years, after which they will decrease by 20% annually.
- Duration: Once the mare reaches the age of 23, the insurance is cancelled and will not be renewed.
- Other Horse Insurances.
Included in Broodmare Insurance
Insurance Terms and other Information
The insurance terms is your contract with VIS. It is important to thoroughly read the terms and understand what is covered and what is not, before purchasing the insurance.