FR OM OUR CORPORA TE P A R TNERS MARKEL INSURANCE The Insurance Company with Horse Sense. “The financial investment in your horse is too important to go unprotected.” arkel has over 50 years of expertise in in-suring horses and horse-related busi-nesses. We are a licensed and admitted carrier approved to do business in all 50 states insur-ing the broadest range of equestrian risks. As a member of the National Reining Horse Associa-tion, you’re among friends who want only the best for you and your horse. Since 1993, Markel has partnered with NRHA to provide you the most comprehensive and affordable horse in-surance products in the market as we know owning a horse is both an emotional and a fi-nancial commitment. Horse owners place them-selves and their assets at risk every time their horse comes in contact with people or property. Equine-related lawsuits occur more frequently than one may expect, and many homeowners’ policies limit equine liability coverage, or may exclude it altogether. M So many times horse owners are not ade-quately protected from these types of situations, and may not even be aware of their risk until an accident happens. We have developed the fol-lowing list of questions to help you determine your basic equine insurance protection needs. HAVE YOU INVESTED TIME OR MONEY IN YOUR HORSE? Frank and Susan Costantini The financial investment in your horse is too im-portant to go unprotected. All Risk Mortality & Theft coverage will reimburse you for the death, theft or humane destruction of a covered horse. It’s important to read your mortality policy very carefully. Many different horses are insured every day, and the insured values can range from $1,000 to $1,000,000. Before you insure your horse, determine whether he or she should be insured for agreed value versus fair market value or actual cash value coverage. Agreed value means that the insurer will pay the value of the horse that is stated on the policy, provided the information is accurate. Fair market or ac-tual cash value means that the insurer will pay the value of the horse at the time of its death, or the value at the time when the disease or illness resulting in its death is manifested. If the horse’s value has decreased due to an illness or injury or if its value was overstated when it was origi-nally insured, the insurer will pay the horse’s cur-rent value, which is often much less than the amount stated on the policy.