Guaranteed Renewal Endorsement
This form is a Guaranteed Renewal Endorsement that modifies the Equine Mortality – Broad Form policy. It adds an additional coverage feature that guarantees renewal of Mortality coverage for certain horses, subject to specific conditions.
What’s Covered
- At the end of the policy period, the insurer will renew the Mortality coverage (the policy’s Covered Cause of Loss A: Mortality) for up to an additional 365 days for an eligible horse.
- Eligibility generally requires that the horse:
- Is 15 years old or younger at the end of the policy period; and
- First sustains/contracts/manifests an accident, injury, lameness condition/injury, physical disability, illness, or disease during the endorsement period through the end of the policy period, and that condition is reported during the policy period.
What’s Not Covered
- No guaranteed renewal is available if:
- The policy is cancelled by the insurer for nonpayment of premium.
- The request involves any coverage or endorsement other than Mortality under the Broad Form (this does not guarantee renewal of theft, wobbler, or other endorsements/coverages).
- The horse has an accident/injury/illness/disease that was not fully disclosed in writing before or during the policy period, or that pre-existed the policy period.
- The horse is 16 years old or older at the end of the policy period.
Important Requirements
To qualify for the guaranteed renewal for a horse, you must:
- Immediately notify the insurer of each accident, injury, lameness issue, physical disability, illness, or disease throughout the policy period, following the policy’s notice requirements.
- Provide any renewal application, veterinary certificate, and declaration of health the insurer requires before the policy period ends.
- Ensure the horse has been continuously insured for Mortality under the Broad Form throughout the policy period.
- Pay the required renewal premium on time and otherwise comply with all policy terms.
Other key points:
- The insurer will not reduce the agreed value at renewal unless you request it, or if you sell/transfer/reduce your ownership interest, in which case agreed value may be reduced proportionally.
- Agreed value may be increased only by mutual agreement, and may require additional premium.
- The renewal premium will not exceed the insurer’s current rate for a horse of the same age, sex, and use category, regardless of the horse’s health.
Important: This summary is provided for convenience. Please refer to the actual policy wording for full details and exclusions.
- Great American Guaranteed Renewal Endorsement (EQUI1029-0709)
Standard Mortality Policy and Automatic Coverages
Optional Coverages Available with Equine Mortality