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Bloodstock Services
Newmarket Insurance Brokers does not just sell you an insurance policy, we aim to provide a total risk assessment.
All of our people have been carefully selected for their knowledge of the industry, their ability to relate to clients on a personal basis, and their specialised expertise.
At all times, you will receive the attention of an integrated, complementary team, which includes our Claims Manager so that we can ensure prompt, expert negotiation and settlement of all claims on your behalf.
This balanced approach to meeting your needs is matched by our thoroughness.
Types of Bloodstock Insurance
Summary of Available Covers
We are able to arrange a variety of thoroughbred insurance covers, each one tailor-made to suit your requirements.
The types of insurance cover available are:
- Mortality
- Stallion Congenital Infertility
- Stallion Loss of Use
- Stallion Loss of Income
- Prospective Foal
- Transit
- Limited Theft & Unlawful Removal (Standard in Policy)
Mortality Insurance
- This covers death within Australia &/Or New Zealand, from accident,
illness, disease or destruction for humane reasons where such reasons
are certified by a veterinarian.
At the commencement of this insurance the animal is to be in good health and free from injury. Depending on the sum the animal is insured for, a veterinary certificate for mortality insurance purposes may be required.
Stallion Congenital Infertility Insurance
- Stallion congenital infertility insurance is an extension to the mortality
policy covering a stallion in that stallion’s first season at stud.
Congenital infertility is defined as the congenital inability of the stallion to breed mares or any congenital abnormality of its semen.
This is a complex but very important form of cover as it provides added protection to the stallion/share owner.
Stallion Loss of Use Insurance
- Stallion loss of use insurance is an extension to the mortality policy and covers that stallion in the event of him becoming permanently and totally impotent, infertile or incapable of natural service as a result of accident, sickness or disease.
Stallion Loss of Income Insurance
- Stallion loss of income insurance is an extension of the mortality policy and covers the stallion/share owner for the actual loss of income in respect of stud fees (including loss of use in respect of your own nominated mares) incurred as a direct result of that stallion’s failure to serve a nominated mare(s) through the stallion being affected by an accident, sickness or disease.
Prospective Foal Insurance
- Prospective foal (unborn foal) insurance covers the unborn foal against
being aborted, stillborn or if born alive, against dying within the period
stated in the policy.
In most cases this insurance cover commences when the mare is tested in foal 45 days after her last service and remains in effect until 30 days after birth. This cover includes death of the unborn foal as a result of the death of her dam.
Transit Insurance
- A general mortality insurance cover insures your animal(s) against
death whilst in transit in Australia and/or New Zealand or between Australia
and New Zealand or other nominated destinations.
The same mortality cover is available for transit of horses between other nominated destinations.
Additionally your transit cover is available to horse owners who may only want a short term cover and not wish to take out a full mortality policy.