Horse insurance issue

[Elainemary1985]

Hi. So I purchased a horse last year which passed a 5 stage vetting. Anyhow fast forward a few months and his suspensorys broke down and after lots of treatments he wasn’t even field sound and still in a lot of pain, after last vet check she agreed he met the beva guidelines and was pts

Anyhow he was fully insured. I am going down the loss of use route. I have since lost the receipt so as there policy wording states I either needed to provide a receipt or a valuation. I went ahead and had the valuation done which was higher than the price paid buy £2000, Now this is where the issue arises, they have now asked for a bank statement because he walkers higher then price paid which is fine BUT the price we sent was £100 more then his insured value as we had to pay for vaccs and feet which were done after the vetting at our cost. Now it’s only £100 but will they be funny about the £100 difference?

We have since fell out with who we brought off so getting any form or proof from them is impossible but also I don’t want them contacting them as it’s really not a good situation and wouldn’t put it past them to try and screw me over

 

[Midlifecrisis]

I think you will get insured value back…the xtra 100 could ve been for tack/rugs/livery at their end. If you insured at a lower price than assessed market value that would be your decision and it costs insurer less.

 

[Lady Jane]

I think you will find it will be OK. The worst I would expect is they will pay you 0.048% less of the agreed value if they hold say you under insured him (£100 as % of £2100)

 

[HopOnTrot]

Just show them the line item on the bank statement and explain the difference?

 

[FlyingCircus]

Your percentage isn't quite right! £100 is 4.8% of £2100. But also, it doesn't sound like £2100 is what they paid, it sounds like the valuation was £2000 higher than what was actually paid.