How to value your horse for insurance?

[jinxy]

Hello

How do you know how much to ensure them for?

Need a bit of help, my pony is a 7 year old American bred Connemara who has (as I'm told) got very good lines. He cross country schools well over some biggis, hunted for the first time in a happy mouth snaffle is well mannered and currently doing RC things. Has done things like beach rides etc, a sane and sensible hack in all traffic and polite on the ground, and does not take advantage of small people leading him to get at grass etc. Any ideas?

 

[badgerdog]

I'm not really sure but don't assume that because you insure them for a certain amount that you'll get it on an insurance claim. My friend had an ex-eventer insured for £6000 but when she lost the horse she was only paid £3000 as they said that was the market value of the horse. This was despite the fact that she had paid a higher premium for a more expensive horse for a few years.

If the insurance companies look at the market value of the horse, then maybe you should have a look at what horses like yours are going for.

 

[lizzieuk1]

as far as i know you can only insure them for the price you paid for them or their reinsure value if they are already insured, unless you get them revalued by what the insurance companies call a 'qualified valuer' eg dealer.

 

[jinxy]

I have someone who the insurance company sees as a professional so that is okay, it definately needs increasing just not sure what to.