Cancelling horse insurance?

[tabithakat64]

So I'm thinking of cancelling my horses insurance....

Both are only insured for £500 and no loss of use etc, tack is covered under my home insurance. Am thinking of getting BHS Gold to cover me for public liability and personal accident instead.

The 24 year old is on the petplan veteran plan which only covers up to £1000, she's not covered for laminitis, EMS or cushings. The premium is £45 a month.

The 19 year old is with KBIS but has all four legs excluded. His premium is £38 a month.

Given their ages I wouldn't put them through a GA or massive amounts of box rest.

I could pay for BHS gold and put a bit by in a savings account.

What are your thoughts please?

 

[cobgoblin]

Sounds sensible to me!
You're paying an awful lot of money for very little cover given the exclusions you have.

 

[eggs]

I stopped insuring one of my oldies - I had public liability cover under my BD membership - as like you I decided I wouldn't put him through a GA and that I would most likely make the decision to have him pts when it didn't meet BEVA guidelines so the insurance wouldn't have paid out anyway - this is what did happen. Just put the money you save away each month.

 

[3Beasties]

I canceled my 19 year old TB's insurance due to him reaching a certain age and having loads of exclusions. My insurance company would cover for external injuries only which I didn't think was worth covering for as I didn't think 'external injuries' would be that expensive to fix, plus he had always been fairly sensible in the field so I thought chances of injuries where minimal.

Sods law though that less then 6 months later he put his leg through a fence and badly cut his knee. 5 months and £1200 worth of vet bills later he has just about healed.

He is now insured for external injuries only. It costs me £11 a month and covers me up to £1000 in vet bills. For peace of mind, I'm glad he's insured again even if it is for the minimal amount.

 

[ILuvCowparsely]

So I'm thinking of cancelling my horses insurance....

Both are only insured for £500 and no loss of use etc, tack is covered under my home insurance. Am thinking of getting BHS Gold to cover me for public liability and personal accident instead.

The 24 year old is on the petplan veteran plan which only covers up to £1000, she's not covered for laminitis, EMS or cushings. The premium is £45 a month.

The 19 year old is with KBIS but has all four legs excluded. His premium is £38 a month.

Given their ages I wouldn't put them through a GA or massive amounts of box rest.

I could pay for BHS gold and put a bit by in a savings account.

What are your thoughts please?

When I decided to have a *VET* account instead of insurance account - I just phoned them up to cancel it, sometimes you pay more in monthly coast that the claims - so I would open another bank account call it vet account and just put this money you normally pay the insurance company in a vet account for that day you need it.

I worked out over several years I paid £ 5000 and never made a claim so I would rather a vet account then there is no excess and no fighting for the company to pay

 

[conniegirl]

I worked out over several years I paid £ 5000 and never made a claim so I would rather a vet account then there is no excess and no fighting for the company to pay

I'm glad it worked for you. I very nearly did this but chickened out last minute and renewed. I'm very very glad I did!
In the last 5 years I've probably paid £2k in premiums but had £25k in pay outs for vet bills and unfortunatly for the value of 2 horses!