Insurance Quote

AdorableAlice

AdorableAlice

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Am i behind the times ? Have a guess what I was quoted by a well known provider this afternoon (not NFU)

14 year old cob. Hacking only, 5k vets, horse value 2k, public liability 1 million, excess £300.00 No tack, no personal accident, no legal cover, no disposal, no complimentary medicine, no surgical shoeing, no livery if in hospital, no transport to hospital.
 
£755.00

I do have another horse insured with them, it was Pet Plan and yes he has had a claim in 2017 for respiratory issue caused by a virus he picked up.

Surely it is unfair to load the premium for a different horse regardless of ownership ?
 
AdorableAlice said:
£755.00

I do have another horse insured with them, it was Pet Plan and yes he has had a claim in 2017 for respiratory issue caused by a virus he picked up.

Surely it is unfair to load the premium for a different horse regardless of ownership ?
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If my experience is anything to go by they judge risk based on you as an owner, rather than based on the individual horse. I know this as they tried to ramp the premiums on my two boys when I enquired with them based on the fact I’d lost Pops 2 years before. The most ridiculous part was I’d had M with them for almost 3 years albeit in his then owners name, but in their eyes he became higher risk once I owned him as I’d lost a horse during the preceding 3 years ?

Hugely unfair if you ask me, but even evidence from our vet that Pops was extreme bad luck wasn’t enough to sway them. In the end I went with SEIB.
 
I loved NFU but their premiums increases despite no claims meant I had to leave. I tried another well know company and was let down badly when I needed them most so changed to Scottish Equestrian and for similar, 4k vets fees though, lowest excess but personal accident included, my premium is £34 a month. Ive got 2 claims going atm sadly and they have been brilliant. May be different next year I expect!!!
 
I gave up insurance when they asked me, during a quote for a new horse, whether I had ever had any veterinary treatment for any other horse. So in my 30-odd years of ownership you're seriously asking whether I ever used a vet for anything apart from jabs?
Oh and then they asked whether I'd ever had a horse pts. Well of course not, my horses are immortal.

I don't know why insurers bother offering horse products at all these days to be honest.
 
I also got slammed after claiming for previous horse, although I did get a lot of money out of them. Nfu ramped up to £90 a month. I switched to Scottish equestrian. They didn’t care about previous claims.
 
NFU wouldn’t insure my horse because I’m in the Armed Forces. Neither would SEIB!! Not sure how that’s relevant to anything??

Witch Scottish Equestrian and they have been brilliant and despite having already claimed from them twice my insurance only went up by £2 a month
 
I am with NFU and have more cover (tack, transport, complimentary stuff) for the same value horse hacking. I've just renewed and premium was 545, I'm stuck with NFU as they are only company who will insure my tack with the set up I have but they are very reasonable compared to that and have also paid out a largeish claim on horse with no problems.
 
An update on my insurance saga.

Some companies are keen to take the horse on, however they do want to see the clinical history which is fine. I thought it would help given that she has been sound for 5 years and her record simply shows the annual vacs and the annual jab for mites.

WRONG ! and perhaps something to think about for those of you with horses treated for M/S and or mites. They have excluded her skin, all of it, ears to tail. To add insult to injury they have also excluded laminitis despite there being no mention of it on her history, along with her pelvis and both back legs. I was so furious I rang them to question the skin exclusion. I pointed out that a nasty cut may need veterinary care with antibiotics, they agreed and said I could claim for stitching but not skin infection regardless of how the infection occurred due to her having mites.

I give in, she has her own credit card now and I am beginning to question why insurers have horses in their books.
 
AdorableAlice said:
I give in, she has her own credit card now and I am beginning to question why insurers have horses in their books.
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I guess they have them like anything else to make money as long as they don't have to cover any risk whatsoever.

One of the advantages of self insurance is that I, not the insurance, decide on the treatment. I don't have to ask anyone for permission or follow their guidelines. Simply between me, the vet and the horse. If I think PTS is the best option taking into account everything I know about the horse then I can just go ahead. That is very liberating.
 
I have had to shop around after my current insurance company put a rather extensive and, IMO, unnecessary amount of exclusions on my 7yo who I have had one year next month. The best one was 'any lameness or behavioural issues', although they would remove it after he had been in work and sound for 1 year... Along with colic, ulcers (which he hasn't had but they put that on because he was lame), arthritis (general, not specific to any joint), bony changes, and collateral ligaments and anything associated. I would have been paying them to insure him, but not have him covered for anything pretty much! Called them but they are not budging so have gone with a broker who has got me a good price and the insurer will only exclude collateral ligament in affected leg and colic. Can remove colic after 12 months but will have a slightly higher excess, which I am happy with. Fun!
 
This doesn't surprise me at all - my quote from NFU was £89 per month!! That was for a healthy 10yo to do schooling/hacking work, no personal accident, £3k fees, no tack - nothing extra at all, not even public liability. Their reasoning for this was due to his size. Another company wanted a professional to write a letter to say that my hip arthritis doesn't stop me from being able to appropriately ride/control a horse, which I thought was ludicrous (I made a thread on it at the time).

He also has all of his skin excluded because he had mud fever once.. I only have the bare minimum insurance for vets fees ( I have PL with BHS Gold) until I save up enough to cover the insured vet fees amount, and then I will cancel.
 
I had a quote from an insurance company for my then 17 yr old (now 18) welsh cob, at the time he was fit as a fiddle and no nasty vet history. I put a £1500 value on him as thats what I paid for him, wanted £3k vets and nothing else with a £500 excess and they wanted to charge me £1500 a year, probably because my last 2 horses have had fairly major insurance claims (1st one was investigations for bolting, the second was lameness that turned out to be juvinile arthritis diagnosed age 5!)
I decided to self insure and got public liability through BHS.

I've just had a tendon injury, he has had a full lameness workup including nerve blocks at a vet hospital, 5 rounds of shockwave therapy, 2 re-examinations at the hospital and a few sets of eggbar shoes. by my reckoning I've still saved about £500
 
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