How much is he worth?

U

u04elw2

Well-Known Member
Joined
19 July 2005
Messages
383
Location
Aberdeen, Scotland
www.mobileliveryservices.weebly.com
Before anyone panics, Im not selling him, not ever, but I'd be interested in your opinions on how much Major's worth so I can update his insurance.

He's 15hh, 16years old pure Welsh Sec D (out of Parkside Morven, sired by Trevallion Owen who was sired by the famous Derwen Richard.) Bought him 6 years ago for £1200 when he was a little bugger in the riding school. Was bucking, cat leaping, dragging people to the field, running away etc.

Now very well behaved (most of the time, until he gets a bit "excitable" in the spring!), not bucking unless very excited and jumping 1.10m.

Any ideas?
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Unfortunately it’s his age that devalues him, but I would say he would still be worth around £2000 to £2500 down here in the south, at the most.
 
As he is over 16 it dosent matter how much "riding potential" he has or hasn't got....to the insurance co. he's an "old horse" and treated as such..

to replace him it would cost you no more than 1400.....

THAT is what the insurance co. will value him at.

was at a sale yesterday and 2 pony's almost identical to look at as him came through

6 yr section D.....£850.00

10 yr old section D......£650.00
 
IMO around £1500, Depending on what he is like to handle, etc.
However he is 16 so he won't be worth much more than what you paid for him to be honest.
 
Fair enough. Im just saying surely hes worth more than £1200 after 6 years of hard work and dedication. Ive seen some absolute donkeys of horses at performance auctions go for about 3 times what I paid for Major. And not just to inexperienced people who were conned out of their money either, they sold to people who knew what they were doing.

Ah well, really dont care cos Im never selling him anyway. Clearly hes worth more to me than anyone could ever pay.
 
What a lovely horse but at his age ,even if you value him highly ,the insurance company will not and they will only pay what they value them at, just as long as you have vets fees insurance go for a minimum.
I am certain he is worth the world to you, also remember alot of insurance companies on give vet cover for accidents over a certain age
 
It's a difficult one this is. It would cost you alot more than £1200 to replace him but due to his age unfortunately I wouldnt have thought his value is any higher and alot of insurance companies wont insure for much over a certain age but I'm not too sure what age that is.
I know you say about his riding potential but most people would not look at "potential" of a 16 year old horse.
I am sure he is priceless to you though but insurance companies dont see it like that.
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Hollyf, thats my point. Ok, to other people hes maybe not worth that much, but for me to replace him with another horse of similar breeding, jumping abilities etc Id be paying a LOT more than £1200. Just as well I like bringing on youngsters and you can get them fairly cheap!
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for me to replace him with another horse of similar breeding, jumping abilities etc Id be paying a LOT more than £1200.

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Not if it was a similar age!!! (if you could find one) which is the insurance companies point.
 
Yeah but say for example if Id insured him for £3000 when I took out my policy when he was younger (perhaps when he was still a stallion) and left the policy at that, if I was to claim when he was in his late 20s theyd still pay out the full £3000? Even though he was no longer worth that money?
 
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Yeah but say for example if Id insured him for £3000 when I took out my policy when he was younger (perhaps when he was still a stallion) and left the policy at that, if I was to claim when he was in his late 20s theyd still pay out the full £3000? Even though he was no longer worth that money?

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oh no they wouldn't....

and if you are, as you say, updating your insurance policy, which i'm assuming you want to raise "what he's worth/what they pay out"...they are going to ask for proof as to hy you think he's worth more...ie BSJA winnings...to PROVE he is worth what you are expecting as "payout"

i'm afraid it isnt as simple as "i'm insuring for 3k, so i'll get 3k paid out"....

also the more he's insured for, the higher the premiums....
 
Ah well then, Id be as well reducing my premium then if thats how it works.

Insurance companies are rip off merchants lol. Im still bitter that I paid £900 a year to insure a Peugeot 106 1litre car when I was 17. The same car would now cost me about £200 a year. At a push.

Thank goodness horse insurance isnt so much anyway!
 
why ask a question you clearly dont want to hear the answer to, hes at a high risk age as far as insurance co. are concerned and some would no longer take him on so increasing his value im sure would appear suspect to them and im sure they would question it
 
Agree with JMO7 here.
Would also watch as insurance company may ask for a recent vetting cert.They did when I tried to up comets insurance from 2500 cos of BSJA winnings etc(he was 5 when we bought him and 7 when went to increase amount).TBH just left it as wasn't worth the hassle or the extra costs.
 
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Yeah but say for example if Id insured him for £3000 when I took out my policy when he was younger (perhaps when he was still a stallion) and left the policy at that, if I was to claim when he was in his late 20s theyd still pay out the full £3000? Even though he was no longer worth that money?

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No they won't they will pay whatever is the lower value between what he is insured for and his market value.
 
this is why i don't insure any of my ponies, be they 1 or 21...

ins. IMO is a rip-off...i just put some by for emergancies...

and if they have a serious accident that required vet treatment over their market value, then they'd be PTS.
 
lol yeah it would have been but I still hold a grudge!

and marieE, its not that I dont want to hear the answer, thats fine if hes worth £1200, £120 or 12p, whatever, I just want to know because his insurance is up for renewal and Id be interested to see what changes, if any, should be made to it.

As Im sure TequilaMist will tell you, hes never going to be sold, hes my baby, and to be honest, anyone that knew him before I bought him prob wouldnt touch him with a bargepole anyway! Its just as well I love him
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I just find it interesting as Ive never had to claim (thank god) as when my last horse was PTS it was my mum that dealt with it and I dont really know how all that works.

Thats why Im asking. Not to "big up" my horse or to scam the insurance company. Just so Im safe in the knowledge that hes adequately covered.
 
Have to say I agree with you JM07. Insurance with horses is not exactly clear cut. Most people I know that have horses that are decent competition horses don't insure them for more than 2 thousand to keep the premium down. I had my own horse insured for the sum I bought him for which was 2k and last year after his International debut for the Para's I was told he was worth around 10k atleast but at his age, 13, I would have had to get a 5 stage vetting to enable me to insure him for that amount. I had always insured for loss of use but don't any more as it drove the premium up too much. Last month he broke down and TBH I really don't think the insurance would pay out the amount he was worth before the accident anyway. As long as you are covered for a decent amount of vets fees thats the best you can hope for.
 
Check with your insurance company for any age related exclusions they put in and at what age they come into affect. Some companies exclude certain illnesss & colic etc... at certain ages as they class the horse as a veteran.
 
When I upped the value of my mare once she had been backed and was doing a lot more, I had to provide a letter from a reputable person confirming her value and why she was worth what I was upping her value to.
 
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Ah well then, Id be as well reducing my premium then if thats how it works.

Insurance companies are rip off merchants lol. Im still bitter that I paid £900 a year to insure a Peugeot 106 1litre car when I was 17. The same car would now cost me about £200 a year. At a push.

Thank goodness horse insurance isnt so much anyway!

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But horse insurance is exactly the same as car insurance... when you buy a new car you insure it for say 10k.... 6 months on you right it off the insurance company are only going to give you 7.5k for it as its 6 months older!
 
I agree with PiebaldEaster that you should check exclusions at that age. When my pony reached 15, I dropped my insurance down to public liability and theft only. I had already had a claim for laminitis that they would no longer pay out on and what I would have got for LOU wasn't worth paying the premiums for.
 
Is it really worth insuring?
If they wont cover you for certain things and you havent got a mega expensive horse it may be cheaper to not bother, and we all know how much Ins Companies will try and get out of paying up!
K
 
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