Over the next 10 months NAES will feature the Top 10 Horse, Tip and Blog-Case of the month from our archives.
If you have a favorite - email us. David D. Johnson
October 2020
#6, From August 2015
Several years ago NAES was asked to provide an appraisal on an amateur jumper horse who was injured in a fall at a large Connecticut horse show.
The horse’s owner claimed the career ending fall meant the horse would never show in the open jumper or related divisions again. He also claimed the horse had been worth well over the insurance policy’s $250,000.00 even though the 11 year old horse had been secretly purchased two months prior for $15,000.00.
My client insurance company authorized my trip back East to get the “low-down” on the horse and the claimant, since they would have to pay off on the “Loss of Use” policy. (By the way, the Loss of Use policy is not marketed and sold by most insurance companies because of the many problems in settling the “payoff” should an accident occur).
As my investigation found out, there was no way the horse could ever have been worth anything more than $10,000.00. It turned out the insurance policy’s owner had provided fraudulent horse show results and had sought and received a positive insurance exam from a very cooperative veterinarian.
Needless to say the insurance company’s offer of $10,000.00 was quickly accepted by the horse’s owner when confronted with the huge amount of questionable evidence. They obviously did not wish to go to a trial where the fraudulent schemes could be highlighted.
The lesson is obvious: Always make sure you are absolutely honest in making sworn statements to your insurance carrier.
Archived Blogs - at this link
Proving again that the truth is stranger than fiction...
I pick out a specific case from the hundreds
that I have worked on in the past years and give you a brief
rendition of the facts and outcome. And, I may cover related topics.
Taking advantage of situations that have occurred to others may lead
you to say things to yourself like, “Boy I’m glad
that didn’t happen to me!” Anyway, for sheer entertainment
value, you’ll like them.
After reading the Blog, please
feel free to call or e-mail with any questions or comments. Although I will not be taking comments on this blog, your feedback is welcomed. |
NAES is the leader in multiple breed equine appraisals. We can give you the most accurate and professional qualified appraisal in the industry. more...
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| David D. Johnson operates North American Equine Services,
LLC as its President and CEO. The company, based in Phoenix,
Arizona specializes in litigation consulting, related activities
and horse appraisals for the legal and insurance communities
and has been doing so for the past 39 years throughout North
America. more... |
| As the premier financial appraisers and evaluators of the equestrian sport in the United States and North America and because we operate in the public spotlight, we are expected to conduct our affairs in a manner consistent with the great trust that has been placed in us. more... |
As a licensed official with the United States Equestrian Federation (USEF), Mr. Johnson fully supports and promotes the organization’s efforts with the safety and welfare of horses and riders. The USEF has instituted a Safe Sport Policy available at this link.
Questions and answers regarding the USEF Policy are available as FAQ’s at this link. NAES has had similar policies in place since its inception.
NAES clients expect absolute confidentiality in their dealings with our firm. more... |
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October 2020
#6, The Friesian Horse" My focus this month is on a 60 Time World Grand National Champion with 73 Regional Championships -
a Friesian stallion “SJOERD.”
more...
Past horses of the month |
October 2020
#6 From: June 2016
When obtaining insurance for your horse business, make sure that your brokerage specializes in equine coverage.
Here is a short list of coverages to consider: Commercial Equine Liability, Horse Farm Property, Horse Farm General Liability, Stallion Infertility, Equine Mortality and Theft, Care – Custody – Control (CCC), Private Horse Owner Liability, Medical, Disability, Farrier Liability, and Bloodstock Insurance.
Anyone involved in the horse industry needs to
be well informed and have adequate coverage. |
| Current & Past Tips |
NAES, while not giving legal advise of any kind, provides a full range of services to horse owners, and the legal and insurance communities. Check our Legal Services page for more.
- FREE phone discussion for however long it takes to discuss anything horse-related.
- NAES can then guide you in the areas of standards & practices, accident investigation and anything involving horse activities.
- We also provide expert witness testimony for settlement conferences, arbitrations, mediations and at trial. |
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