Equi-Homeowners/Estate

Homeowners Insurance for the Equine Lifestyle

Homeowners policies can accommodate an equine lifestyle that is residential in nature. We do counsel anyone who has a Homeowners policy to review the Liability and Medical Expense limits to be sure they are adequate. Liability premiums are a small portion of the premium so adequate limits are not expensive.

A Personal Umbrella Liability policy may also be warranted to further protect against a catastrophic liability claim that occurs on or off your property. It will also further protect against vehicle liability exposures. Tack and other equine equipment can be scheduled separately if the investment in equipment would put a strain on the contents limit of your policy.

If you own one to four horses and do not conduct business on your property a Homeowners policy should be relatively easy to obtain. If you live on the coast or within 30 miles of a coast coverage can be more problematic. Remember, all Homeowners policies are not the same and there are many valuable endorsements available to you.

The lack of beneficial endorsements and replacement value determination are the two biggest issues we see with Homeowners policies.

Exclusions for horses are not typical so on and off premise riding for pleasure or competition usually poses no problem but YOU SHOULD READ YOUR POLICY TO BE SURE!!

Equi-Homeowners Policy: more than a Home but not quite a Farm

For those equine homeowners who exceed the standard 1 to 4 horses, and may even have a side business on premise, we may be able to offer you a hybrid Home/Farm policy. Depending on where you are located (available in NY, VT, CT, PA, NJ, NH, ME) we have two companies that offer these types of policies. The policies retain more of the features of a Homeowners policy but can accommodate more horses and some business activity.

Equine Estate

We are experienced in the exposures presented by high value homes and their owners. Homes that exceed $1,000,000 in replacement value fall into this category. Historic homes and barns can also be accommodated on a replacement cost basis.

Our company partners can handle very high replacement cost options, multiple locations, building ordinance coverage, increased liability limits, classic and high value vehicles and collections. Our access to Chubb, Chartis, Fireman’s Fund and ACE allow us to tailor policies for discriminating buyers. Please contact Tom Wallace, Jr. for assistance or questions.