Crack Racers Heavily Insured: Owners at Various Times Have Taken Out Big Policies on Monarchs of the Track, Daily Racing Form, 1908-11-26


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CRACK RACERS HEAVILY INSURED. Owners at Various Times Have Taken Out Big Policies on Monarchs of the Track. The insurance, of race horses has assumed large proportions during the last few years, according to an agent or Lloyds, or London, which handles practically all the racing .insurance In this country. The. New York insurance laws prohibit any company from doing business In the state unless It he licensed under the laws or New York; ami as Lloyds Is not so licensed tho business is conducted by brokers who make their headquarters in Neiw Jersey, where there is 110 such prohibition. While all classes of horses are Insured by this company, race horses are considered the best risks. Probably the best cared for of all horses are the racers. After the winning of a great turf event the owner of the winner may eat more Hum is good for him, but his horse never does. He gets the same measure of oats as on other days, is rublted down and tucked away In a stall where he has pure air, clean bedding and plenty ot room. This sort of treatment Is a preventive against colic, which is sufficient to bar a horse from life insurance. Colic is eansed by eating too much food or food of the wrong kind and at the wrong time. It kills more animals than any other disease. If it were not for railway accidents the payment of death claims for trotters and runners would be very few aud far between. Yet. race horses carry tho heaviest line of life insurance that is borne by any of that species. E. R. Thomas Hermls, which won the Suburban Handicap in 1904, was at one time the most heavily Insured horse that ever raced. If Hermls had dropped dead at the height of his career, the underwriters who carried the risk on his lite would have been compelled to pay Mr. Thomas 1908.sh0,000. Paul Raineys De Mund was at one time Insured for 0,000, while Colin, which won over 80,000 for ids owner, James R. Keene. carries a policy of. 5,000. Among the racers the risks upon whose lives are now underwritten for large sums, may be mentioned Fair Play, August Belmonts crack three-year-old which was recently shipped to England ami Is insured for 0,000. and Octagon and Six oClock for 0,000 each Mr. Alfred Gwynne Vanderbilt carries a 00,000 blanket KlIey on his stable, part of which Is In London and part In this country. Harry Payne Whitney carries 1908.sh0,000 on his stable, while the horses of August Belmont are Insured for 00,000.

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