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Old 02-10-2010, 08:36 AM
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prudery prudery is offline
Ellis Park
 
Join Date: Jun 2006
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Quote:
Originally Posted by Antitrust32
A bank doesnt cut the check, and insurance company does. And we require necropsy reports (like autopsy for horses) to pay out any mortality claims.
While it is correct that the insurance company cuts a check on an insured horse, they can not receive a necropsy on a live horse ...

But they can pay out a mortality check on a live one ..

Confused ??? Not so much ...

Think of a badly damaged horse where euthasia MAY be indicated ...

The horse is considered a TOTAL---like a totalled car --whether it is euthanised or not...

The insurance company thus can pay out on the total loss--so even though the check shows a mortality, the horse MAY be alive, but a total loss ...

Just like the insurance company appropriates a totalled car, they may do this with a totalled horse, and chose to proceed further with its " salvage " or not ...

This was done with Your Host by Lloyd's of London ... Lloyd's took over the rehab and ownership of the horse, after a bad accident that produced multiple fractures, and he recovered to stand at stud and give us Kelso ..

In a sense it was done with Cigar--who was a total loss as far as breeding worth ...
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