Understanding Specified Perils Coverage

Monday, June 15, 2020
Posted by Tracey Scharf



As I sit here this evening watching the lightning and listening to the thunder of another one of our Florida storms it got me thinking about Specified Perils Insurance. I have had 2 friends, and a friend of a friend lose 3 horses and a breeding bull due to lightning strikes over the past 2 weeks. Did you know that Florida is the "Lightning Capital" of the United States? Now obviously we all don't live in FL, however, lightning happens everywhere. Now if your horse is already insured and the worst was to happen, then you are already covered if your horses were struck by lightning. BUT.....there are 100's of thousands of horse owners that do not insure their horse(s), whether for financial reasons, or they just don't want to deal with an Insurance company, or their horse doesn't fall within the health guidelines for Insurance, etc. That is the great thing about Specified Perils Insurance, none of those things matter. If the horse is 25 years old or under you are eligible for this coverage, and no vet exam is required.

Aging is a natural process however our horses and ponies are now generally living longer and longer. Regular veterinary care, in addition to good feeding, management, farrier care, and dentistry, means our much-loved horses can maintain an excellent quality of life well into there 30’s. Whether your senior horse is still full of enthusiasm for his job or whether he’s enjoying retirement in the field, did you know that we will insure your horse through the age of 25?

Specified Perils
Also known as "Named Perils" or "Restricted Perils"; this covers your horse for death, theft or humane destruction caused by specified perils listed in the policy, including but not limited to; fire and lightning, earthquakes, electrocution, drowning, transit risks and attack by wild animals. It is important to note that this policy does not cover your horse for death due to illness or disease, and it thus offered at a lower price than full or all risk insurance. This coverage is offered on all horses from 24 hours to 25 years of age and no health documents are required to purchase this insurance.

Check out more about Specified Perils and other coverage available here.

Markel MP Business CardHorses Daily's Mary Phelps ( is a Markel Equine Insurance Specialist and CSR Tracey Scharf ( provide the personal attention needed to help make the lives of their clients smooth and easy when it comes to the process of insuring your farm, equine business, and equine mortality needs. While Mary travels to the shows and barns, you can count on Tracey in the office to be available to answer questions and manage the details with ease. 1-386-985-1429.