Suitable
The insurance policy is necessary for all owners of racing horses as well as private firms that employ stud horses in their breeding farms.

Risks covered
This policy covers risks that the animal maybe subjected to such as death due to accident, diseases, surgical operations, strike, riot, civil commotion, terrorism and earthquake.

Compensation Offered
In event of any contingency, this policy will provide the an amount equivalent to the market valuation.

Exclusions
The policy will not pay the compensation value if any willful act, negligence, over straining, unskilled treatment, pre-existing malady or disease or intentional slaughter have been instrumental in causing the animal's death.

The policy also does not cover the risks of theft, clandestine sale, partial disablement, war, nuclear reaction, death from a disease within 15 days of insurance.