blue2262
Well-Known Member
There have been approximately 20 events lost due to bad weather ( excluding Badminton). If there were approximately 400 entries at each being refunded an average of £50, that is a total of approximately £400,000.
If the average abandonment insurance premium is £5, there needs to be 80,000 entries for the fund to break even so far this year. ( equating to more than 160 events!)
These figures are not accurate by any means, and the calculation is very simplistic but it does give an indication that the abandonment insurance is going to be in trouble!
What will happen next year? Will eventing become un-affordably expensive with no refunds for cancellation?.
If the average abandonment insurance premium is £5, there needs to be 80,000 entries for the fund to break even so far this year. ( equating to more than 160 events!)
These figures are not accurate by any means, and the calculation is very simplistic but it does give an indication that the abandonment insurance is going to be in trouble!
What will happen next year? Will eventing become un-affordably expensive with no refunds for cancellation?.
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