More About Thoroughbred Insurance

If you have this insurance, you will receive compensation if the horse dies as a result of an accident or illness, if euthanasia is recommended by a veterinarian or if the horse is lost and not found within 4 months despite a search. You will also receive compensation if the horse is declared unfit for riding in the event of illness or accident. Full compensation for loss of use will be paid if the horse is euthanized, while a partial compensation will be paid if it is decided that the horse should live.

• Period of purchase: You can purchase this insurance until the horse is 15 years old.
• Insurance amount: The insurance amount of life insurance is an optional amount. It is good to keep in mind that the compensation can never exceed the market value of the horse 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 amounts are stated on the quote, the insurance policy and the renewal receipt. The insurance amounts will remain unchanged until the horse reaches the age of 19 years, after which they will decrease by 20% annually.
• Duration: Once the horse reaches the age of 23, the insurance is cancelled and will not be renewed.

You can get a quote online. 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. The certificate must be less than 30 days old and the veterinarian must prepare the certificate on a form provided by VIS. You can attach the certificate to the quote request or send it to vis@vis.is.