Affluent individuals and families who engage in luxury hobbies, including owning, riding and showing horses, face a number of liabilities that may not be covered by their existing policies. Last week, Momentous Insurance Brokerage rolled an equine specialty practice to serve both private horse owners and those who operate horse-related businesses.
The Van Nuys, Calif., firm specializes in designing insurance programs for high-net-worth individuals; film and TV productions; music and touring companies and artists; life, health, disability and employee benefits; and various commercial risks.
Momentous’ new equine specialty practice offers four products:
- Personal equine liability to cover private individuals who own, ride or show horses but are not engaged in any business activities. Home ownership policies often do not adequately cover such things as bodily injury or property damage to other resulting from horse ownership.
- Equine mortality coverage for the horse’s medical coverage.
- Commercial equine liability for businesses that do not own but engage in boarding, breeding, training, racing or showing horses.
- Farm/ranch coverage for horse ranch operating, including property and liability.
The two principals in the practice are longtime horse owners, who engage in a variety of competitive and professional activities, according to a statement from Momentous.
Terri Peters, the equine practice leader at Momentous, oversees all insurance needs for horse owners, trainers and equine-related businesses. An equine professional, she specializes in coaching and training Jumpers and Hunt Seat Equitation, a form of forward-seat riding often seen in American horse shows, for local and regional competitions.
Her colleague, sales executive Christina DiSalvo, currently trains her own horses in Dressage, a competitive sport whose purpose is to develop a horse's natural athletic ability and willingness to perform and maximizing its potential as a riding horse, and Sport Horse Driving, which involves driving carriages.