Justin Insurance - FAQs DO I NEED TO INSURE?  If you can easily afford to write a check to replace the horse or have no problem paying thousands of dollars in vet bills should your horse become ill, horse insurance may not be for you.  However, even those who can easily afford to replace their horses without insurance, still opt to protect their investment simply because it is so affordable.  Another reason to insure is if the horse is mortgaged or the seller is being paid in installments.  The seller may request they be named as Loss Payee and if money is borrowed from a bank/seller and the horse is "pledged," the bank or seller would be named as Loss Payee until the note is paid. HOW DO I ESTABLISH MY HORSES INSURABLE VALUE? If the horse was recently purchased, for insurance purposes, the market value was established at the time of the sale.  However, if you have owned your horse for enough time to have incurred training expenses (for up to 24 months), the company will usually consider half of all the training expenses on young horses, as a reason to increase the horses value.  Primarily the horse's performance records and earnings will establish its value.    Charles Pogue & Kinney Harrell IS A VET EXAM REQUIRED? If your horse is between 31 days and 14 years of age, or valued under $50,000, a vet exam, dependent upon current underwriting guidelines, may not required.  You will be required to sign a "Statement of Condition" to certify the animals health and insurability.  Any genetic or pre-existing conditions may be excluded from coverage.  Proof of current West Nile, Venezuelan Eastern Western Encephalomyelitis Tetnus (VEWT) and Flu/Rhino vaccines may be required should there be a claim.  Foals can be bound at 24 hours of age upon receipt of a clean vet exam, including satisfactory IgG results.  Overaged horses (15 years to 20 years) will require a clean vet exam as well as horses valued over $50,000 in order to be bound.  If you wish to increase the value of your horse or add an endorsement within the policy period a clean vet exam is required prior to the addition taking place.  Vet exams may also be required at the underwriting companies request.      WHAT IF MY HORSE HAD SOME HEALTH PROBLEMS IN THE PAST? Mortality/Theft polices are written as separate one year policies.  Any pre-existing conditions for which there has not been a full recovery, or is classified as a permanent injury/illness by the company, will be issued with an exclusion.  Any non permanent exclusion may be reviewed for removal (after 1 - 3 years) within the guidelines for that injury/illness.   JUSTIN INSURANCE IS THE OFFICIAL HORSE INSURANCE OF THE NCHA AND THE NRCHA 1-800-972-0272