Be careful about lying to your horse insurance

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brown tack

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Just a quick post, talking to friend a of friend this afternoon and she asked for some advice. One of her tb's has had some leg trouble and has resulted in it being retired.

Now the horse did have vet treatment but she moved area and moved the horses. With this she took out a new insurance policy and new vets stating that the issues are new. She added to the policy a loss of use preium.

However she has been found out and it's up in the air of what's going to happen now.

Just a word of warning that you can so easily be found out and be in big trouble. I know it goes on and this is not the first case I've herd of. If I'd known that she was doing this I of advied agaisnt it.
 
"Be careful about lying to your horse insurance"

It would be better to say "Don't lie to your horse insurer". Insurance fraud is a criminal offence.

It's not really up in the air about what's going to happen - it's a false claim so the insurers won't pay out. The will also reclaim any payment they've already made on the claim and will very likely cancel the policy. This has other repercussions, as your friend will be obliged to declare this cancellation whenever she tries to take ANY other insurance - horse, car, home, etc. Insurers aren't terribly keen to offer cover under these circumstances.

Fraud is really not worth it.

Sorry if I seem to be taking a hard line on this but as a former equine claims adjuster, I've seen too many people try to buck the system and cause all of us to pay more for insurance.
 
ReefingsDad said:
"Be careful about lying to your horse insurance"

It would be better to say "Don't lie to your horse insurer". Insurance fraud is a criminal offence.

It's not really up in the air about what's going to happen - it's a false claim so the insurers won't pay out. The will also reclaim any payment they've already made on the claim and will very likely cancel the policy. This has other repercussions, as your friend will be obliged to declare this cancellation whenever she tries to take ANY other insurance - horse, car, home, etc. Insurers aren't terribly keen to offer cover under these circumstances.

Fraud is really not worth it.

Sorry if I seem to be taking a hard line on this but as a former equine claims adjuster, I've seen too many people try to buck the system and cause all of us to pay more for insurance.
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I don't think you are being harsh. Unbelievably stupid thing to do.
 
ReefingsDad said:
"Be careful about lying to your horse insurance"

It would be better to say "Don't lie to your horse insurer". Insurance fraud is a criminal offence.

It's not really up in the air about what's going to happen - it's a false claim so the insurers won't pay out. The will also reclaim any payment they've already made on the claim and will very likely cancel the policy. This has other repercussions, as your friend will be obliged to declare this cancellation whenever she tries to take ANY other insurance - horse, car, home, etc. Insurers aren't terribly keen to offer cover under these circumstances.

Fraud is really not worth it.

Sorry if I seem to be taking a hard line on this but as a former equine claims adjuster, I've seen too many people try to buck the system and cause all of us to pay more for insurance.
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no I don't think your being harsh at all. It was a very stupid thing to do, and one that I'm sure she won't repeat.
And I did try to change the title but was on my phone and it won't let me go back to the top, it's been having a bad day- :)

I just I'd post a warning as never came across anyone who had actually been caught.
 
Dizzykizzy said:
My insurance has passport numbers so I guess they can trace info like car reg numbers?
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Currently there is not a system in place by which insurance companies could find out a horse's veterinary history from it's passport. To be honest I think this is something they should think about doing as, in the long run, it may lead towards cheaper premiums as fraudulent claims could be reduced.

Insurance companies can contact each other if they are suspicious about a claim. We had one case where a lady claimed for the death of her horse - had vet's certificate saying horse had been PTS/had died etc. However, for one reason or another our claims manager at the time was suspicious and contacted the previous insurer (think it was Petplan actually) and it turned out this womand had also claimed for death of a horse through them too - what she hadn't bothered doing was change the name of the horse! Whether the horse ever existed I don't know but she claime at least twice for death! Evidently the vet was lying as well and the case did end up in court and she had to refund Petplan i believe. we never actually paid her anything. The daft thing was the value of horse she was claiming for was about £5K - hardly life-changing money and not really worth a vet's career!
 
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