Does the insurance co pay out on death of racehorses?

[Gingerwitch]

Just wondered - are race horses insured, and if so does a pay out occur if the horse has to be pts due to its job? and who sets what they are worth if they did?

Is it like normal horse insurance?

 

[LadyRascasse]

http://www.bloodlines.co.uk/covertypes.htm

I would say so

 

[MiCsarah]

Dont think most sporting horses are insured. Would cost more than the pay out I think

 

[LadyRascasse]

and a company you will recognise

http://www.kbis.co.uk/bloodstock_insurance.htm

 

[Chunkie]

Don't think so, maybe with the exception of top class stallions - Derby winners etc., for loss of breeding potential?

 

[sunshine19]

I know of a few race yards that don't insure their horses as the premiums are ridiculously high.

 

[legaldancer]

Dont think most sporting horses are insured. Would cost more than the pay out I think

This is what I've always thought.

 

[Jules19]

Some do insure, some don't, same as in the 'normal' world. Patently premiums are higher, because the risk is higher. If insured for racing they are insured for PTS for humane reasons, just as in a normal policy. I am not aware of LOU or vet fee insurance, but i suspect if you are prepared to pay the premium the policy will exist.

 

[ladyt25]

The insurance works on exactly the same principal as standard horse insurance except the premiums are higher due to the risk involved and generally the horses are valued higher than your normal riding horse (although in NH the values aren't always that excessive). It's a specialist market though and not many of your general horse insurance companies insure racehorses.

A friend of mine work for a bloodsock insurer in London for several years and they insured some of the world's top racehorses - flat mainly but also some jump and of course your higher level competition horses as well. In many cases where the value the horse was in to millions they would only insure a % of the vaue (say £2million) and reinsurance would have to be found for the remainder of the value.

They can have loss of use as well if they were a breeding stallion for example and they becamse infertile. It's an expensive business though racehorse insurance!!!

 

[Lynette]

Wetherby's do it on a death only policy