Optional Insurance Fact Sheet
In our effort to continually find ways to meet the needs of an ever growing and diverse membership, the OEF and Intercity Insurance Services Inc. have developed and enhanced the OPTIONAL insurance programs for 2009.
MEMBERS NAMED PERILS
This is a unique and inexpensive way for members to insure horses against death arising from fire, lightning and transport anywhere in North America. The limit of coverage is $4,000 any one horse, and members can only claim once each membership year.
There is no application, vet certificate or questionnaire required and it does not matter how many horses you own. Coverage responds if any horse owned by the member dies from one of these insured perils, when a member has chosen this optional benefit and paid the required premium.
This innovative offering provides another tangible benefit for members of the OEF at low cost and is a timely addition to existing Full Mortality insurance coverage available at reduced cost to OEF members under the Intercity Equi Care program.
Your small investment in insurance can provide a large return in security to protect your equine partner.
OPTIONAL ACCIDENT, DEATH OR DISMEMBERMENT
We have negotiated an optional “upgrade” with the insurer providing the automatic $30,000 Principal Sum coverage to members. In the
2009 membership year, we offer an ADDITIONAL $50,000 Principal Sum A.D.D. coverage for equine activity injuries covering the member 24 hours a day, 7 days a week, anywhere in the world at a new discounted rate of $25.00.
***** It is important to note that, unlike other types of insurance, A.D.& D. policies "stack" - meaning if there is a loss covered by more than one policy, "both" or "all" of the policies respond.
For example: A member pays their basic membership fee to the OEF and is therefore considered to be in "good standing". As in previous years, they would be covered automatically for $30,000 A.D.& D coverage. In 2009, they choose to purchase the enhanced A.D.D. coverage and pay the optional coverage premium. In the event a scheduled (listed) injury is sustained through an equine-related activity, benefits would be collected from BOTH policies.
*** Please note that AD&D coverage is restricted to members who have not reached the age of 70 years ***
TACK COVERAGE
Covers loss to members tack and horse equipment. Insurance limit under this option is $2,500 per loss/per membership term and is subject to a deductible of $500. Does not cover clothing or protective equipment worn by riders, wear & tear/abuse, mysterious disappearance or horse drawn vehicles.
OPTIONAL TRAVEL (out of Province/Country)
Provides $1,000,000 out of province/country coverage for Emergency Medical/Hospitalization
Trips up to 90 days in duration, any number of trips/year, worldwide and does NOT EXCLUDE participation in and/or preparing for equine activity/competition (many policies in the market do exclude such activity)
*** Please note that Travel coverage is restricted to members who have not reached the age of 70 years ***