Scope of cover
This policy covers damage caused by loss of or damage to your saddle (possibly with accessories) as a result of:
- fire, lightning, explosion or collapse
- theft with breaking and entering and vandalism with breaking and entering
- flood, earthquake, storm and objects falling as a result of storm
- any other external calamity, however named
This cover applies not only during use, stabling and transport but also during time spent at examinations, equestrian events and horse races, with the exception of circumstances as specified in article 3 of the conditions of the saddle insurance.
Compensation
The amount of compensation depends on the nature and extent of the damage. The conditions of the saddle insurance explain how it is calculated. The excess is €100on each claim. This does not apply in the case of total write-off.
A depreciation percentage is applied every year to the new value of your saddle. These percentages are given in the conditions of the saddle insurance.
Premium
The premium is 2.5% of the insured value of your saddle per annum. The minimum premium for this policy is €40 per annum.
If in addition to your saddle you insure or have insured your horse, this minimum does not apply.
Applying for insurance
The following are required when requesting this policy:
- a duly completed and signed application form
- purchase invoice/taxation report of your saddle