Guaranteed Renewal: “Can They Drop Me After a Claim?”

You’ve paid your premiums for five years. Then your horse finally has a bad year—colic surgery ($10,000) and a suspensory injury ($5,000).

You’re grateful you had insurance.

Then the renewal letter arrives:
“We are declining to renew your policy.”
—or—
“We are renewing with a permanent exclusion for colic and legs.”

Key Takeaways

  • Equine Insurance is NOT Guaranteed Renewable: Unlike human health insurance, horse insurers can drop you at the end of the 12-month term if the horse becomes a “bad risk.”
  • The “12-Month Extension”: Most policies have a clause that extends coverage for a specific claim for 12 months after the policy expires, but they won’t cover new issues.
  • Exclusion Stacking: If they do renew you, they will exclude the body parts that were treated. A horse with a Colic and Suspensory exclusion is basically uninsured.
  • Guaranteed Renewal Endorsements: Some luxury carriers offer this for high-value horses, but it’s rare.

The “Why” (The Trap): The Term Policy

Horse insurance is a 1-year Term policy. Every year is a new contract.
The Trap: You think you are covered for life. In reality, you are covered for 365 days. If the horse develops a chronic condition (Cushings, Navicular), the insurer pays for the current year and then non-renews or excludes it forever.

The Investigation: The Extension Clause

I read the “Extension of Coverage” clause in a standard jacket.

  • Standard Wording: “If a condition is reported during the policy period, we will continue to pay for that specific condition for up to 12 months from the onset, even if the policy expires.”
  • Implication: If your horse tears a tendon on Dec 1st, and policy expires Jan 1st, they keep paying for the tendon until next Dec 1st. But they won’t pay for a new colic after Jan 1st if they non-renewed you.

Comparison Table: Renewal Outcomes

ScenarioInsurer ActionYour Coverage
One Colic SurgeryRenew with Colic ExclusionCovered for everything except Colic
Chronic LamenessNon-Renew (Too high risk)Uninsured for new claims
Old Age (18+)Drop Medical / Mortality OnlyMortality Only

[IMAGE: Image of a “Non-Renewal Notice” letter on a desk]

Step-by-Step Action Plan

  1. Maximize the Claim: If you are being non-renewed or excluded, ensure you get every penny of the current claim paid before the 12-month extension runs out.
  2. Shop Around (Carefully): If Carrier A drops you, Carrier B asks “Have you been non-renewed?” You must say yes. It is hard to find new coverage.
  3. Switch to “Mortality Only”: If no one will write Medical, try to keep Mortality coverage to protect the asset value.
  4. Accept the Exclusion: Coverage with an exclusion is better than no coverage.

FAQ

Can I hide the non-renewal from a new company?
No. Insurers share claims history databases. They will know.

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