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| 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 |
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