How much to insure for- what really is market value?

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shadowboy

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Howie's insurance is due on the 18th (yes I know I've left it late to be shopping around!) but I paid £100 for him as a 9 month old colt- obviously as a 3.5 year old he is worth considerably more. What do I do for a price- is 'market value' usually fair (I've never had to claim so no idea)

Also value wise what would you put him as- Im 100% NOT selling!

He is 13.2hh
3 years 6 months
Reg'd NF
Backed and hacking out alone/in company/in groups
Not silly or spooky
Loads and travels alone/company in both lorry or trailer.
No vices/illnesses
Has been out 5 times
2nd Three Counties 2011(New Forest Class)
2nd NPS Summer Championships 2011(M&M class)
5th NPS Summer Champs 2011(NF class)
2nd Felsted Horse Society Summer Championships 2009(yearling class)
1st/2nd at a show 3 years ago but cant remember the name of it but he qualified for The Royal London. 2009
1st/3rd at Shropshire Horse shows 2 years ago as a yearling- reserve in hand champion. 2009


Any ideas?
 
Sorry I cant answer how much your pony is worth but for the insurance I think you need to decide if you want to keep your premiums down. This year my premium has gone through the roof so I decided to lower my horses value to the minimum :( and I have managed to keep my premium affordable. I decided that I was prepared to lose out on his value if god forbid I had to claim for loss of my horse. I have saved £20 a month by doing this and my horse wasnt insured for loads to start with.
My main priority for insurance is vets fees and 3rd party liability, so I still get all the benefits but have sacrificed his value to be able to afford it.
 
There are a couple for sale on horse gossip with showing records and potential.

One is £1900 the other £2750. No idea whether these are fair prices but you could use them to demonstrate market value to an insurance company.
 
Ok - so I'll probably pick about £1500 and run the quotes off that. What I didnt want to do is over insure and find that the market value was waaaay lower.
 
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