Your Questions
Glossary / Definitions
- Asset
- An item of value eg. Horse, saddle or trailer
- BEVA
- British Equine Veterinary Association
- BVA
- British Veterinary Association
- Euthanasia
- The deliberate ending of life in order to relieve incurable pain and suffering
- Excess
- The amount you have to pay in the event of a claim
- Insurance benefit
- A specific area of cover that offers protection against financial loss or damage, eg. for Death or Personal Accident
- Market Value
- The market value is the price generally paid for a horse of the same age, breed, bloodline, sex and ability
- Policy Period
- This is the length of your insurance contract. In the majority of horse insurance policies the policy period will be 12 months
- Policy Section
- As insurance benefit
- Premium
- This is the cost to you, for your insurance policy.
- Sum
- Insured Is the amount you choose to insure your horse for. It will usually be the same as the market value