Foal Season is here! We are currently right in the thick of foaling season in New Zealand and Australia with new babies arriving earthside every day. For most people insuring a foal is hugely important as it is seen as future income for their business. In the Horse/Equine industry breeders will send their mares to stallions based on the mating cross through looking at the bloodlines and previous success of those bloodline crosses on the racetrack or as eventers.
A foals value can be determined by a few different factors. Breeders and owners will decide what to insure their foals for after mainly taking into account the amount the foal would cost them in the event that they were to lose it and needed to make a claim. They will look at things such as what they had to pay for the service fee to send their mare to the stallion it is by. They will also look at the value of the mare itself through not only it’s own success but her family’s success as well.
Foals are insurable from twenty-four hours old. When insuring a foal they will always require a veterinary check to ensure they are both clinically and physically healthy. Due to the additional risk associated with such young horses – insurance at twenty-four hours old is slightly more expensive than insuring say a thirty day old foal. It is quite common for foals to be born with little things that the underwriters would place an exclusion on until they are healed. Some of these things may include umbilical hernia’s, heart murmurs and limb laxity or contractions. With the correct management these things often resolve very quickly and the exclusions are able to be lifted.
Whether you are breeding foals to race or breeding to sell, taking out foal insurance cover gives owners a wonderful piece of mind that their investment is financially covered in the unlikely event that the worst was to happen. Contact Taylor Perry Equine Insurance today to get a quote!
