Santa’s reindeer seem to be reasonably well-behaved and remarkably long-lived. Still, there are some situations for which Santa would be wise to consider insuring the herd – especially his famous flyers.
Santa’s options include:
• Liability and property coverage
If one of the reindeer were to run off the North Pole acreage and collide with a passing vehicle, a Colony Specialty Contract P&C Farm & Ranch policy would cover liability damages to the vehicle and bodily injury to any occupants, said senior underwriter Rhonda Hoffman. The property portion of the policy would cover the loss of the reindeer. At $3.60 per head, the annual premium would be about $32 for nine reindeer (can’t forget Rudolph).
• Attractive nuisance
The Farm & Ranch policy would also cover injuries to curious visitors who come onto Santa’s property to get a look at the reindeer.
What thief wouldn’t be interested in flying reindeer? A theft extension to an all-risks livestock mortality policy through ArgoGlobal, with no deductible and each of the nine reindeer valued at $100,000, would mean at least $55,000 in annual premium for Santa, said Jenny Boatman, a senior underwriter – livestock at ArgoGlobal.
• Emergency vet care
An emergency life-saving veterinary fees extension would provide a sub-limit in case a reindeer has an accident and requires emergency life-saving surgery.