Increasing the amount that horse is insured for?

[black_n_white]

I've had my horse for just coming up a year. I bought him as a 4YO backed and ridden away.

He is now 5 and has been in consistent work for the last year so I am assuming that his value has increased.

My insurance is up for renewal should I increase the value he is insured for?

 

[Nailed]

Why not. but your premium will increase.

Lou x

 

[black_n_white]

Thanks.

He is currently insured for £2650. Any ideas on what he would be worth now?

He is 5YO 16hh Polish warmblood gelding. Hacks out alone and in company. Good in traffic, shoe, box, catch, clip etc. Works nicely on the flat. XC schooled. Fine with ditches and water. Competed prelim dressage, SJ and 2 pre-intro ODE's. (He would happily do a Brit Nov/ Intro if rider wasn't such a wuss!)

 

[tedster]

Your premium wil increase and some insurance will ask for a new vetting if the increase is over £1000... ring them and ask you may also need the Underwriter to approve the increase.

 

[burtie]

Do you insure for LOU? If not there is really very little point to upping his insured value.

 

[indi4]

Unless you insure for LOU it's pointless as it'll just increase your premiums.