Insurance - shortest rant ever

[Whoopit]

If you’re insuring your horse for the same value as you’ve bought when it was vetted, why do insurers need a new vetting certificate that is less than 14 days old for a new policy?

£500 excess, £500 for the certificate- I’d already have spent £1,000 before I’ve made a claim on my £750 policy if I ever needed to.

What an absolute con.

 

[Red-1]

I think it is because some people would buy a horse, then only insure if there is an issue (putting prices up for everyone).

If they need a new vetting to start insurance, this stops that practice.

If it is a new purchase, then I guess anything could have happened between vetting and purchase.

Some insurance companies will still have insurance for less than 5K, without a cert. This actually seems mad, to me, as the lower value horse may still rack up a huge vets bill!

 

[bonny]

How long ago did you buy the horse, that’s an important detail that’s missing in your rant .....

 

[Whoopit]

How long ago did you buy the horse, that’s an important detail that’s missing in your rant .....

A year ago but why do they need me to spend another £500 on a new certificate? I haven’t added a value onto it since it was originally vetted. It’s not doing anything it wasn’t before so no change at all in insurance requirements.

 

[Upthecreek]

A year ago but why do they need me to spend another £500 on a new certificate? I haven’t added a value onto it since it was originally vetted. It’s not doing anything it wasn’t before so no change at all in insurance requirements.

Because they will be suspicious as to why you have only now decided to insure the horse after owning it for a year.

 

[Whoopit]

Because they will be suspicious as to why you have only now decided to insure the horse after owning it for a year.

I haven’t - it’s been insured since I paid for it over a year ago.

 

[paddy555]

is it the same insurer? are you in fact saying to renew annually you need a vet cert each year?

 

[Sossigpoker]

That sounds like an expensive policy !
Most insurers don't ask for a vetting unless horse value is more than 4.5- 5K. And if the horse has been insured before, they will just ask for your renewal notice.
Something doesn't sound quite right here.
(Unless your horse is worth over 5 figures, i have no experience of those)

 

[Whoopit]

That sounds like an expensive policy !
Most insurers don't ask for a vetting unless horse value is more than 4.5- 5K. And if the horse has been insured before, they will just ask for your renewal notice.
Something doesn't sound quite right here.
(Unless your horse is worth over 5 figures, i have no experience of those)

£6k so I knew I’d need vetting to insure it but I have never heard or needing to get a new one every year!

 

[Muddy unicorn]

Is it the same insurance company or are you wanting to change insurers? If it’s the latter, then I think that’s pretty standard practice.

 

[twiggy2]

£500 For the certificate?
Are you sure they don't just want a copy of the certificate a bit like proof of no claims for insuring a vehicle, it shouldn't cost you anything if that is what they want.

 

[Red-1]

Is this with the same company? If so, which company is it so I can avoid it!

 

[Ample Prosecco]

I have never heard of a company asking for a horse to be re-vetted every year to maintain existing cover. Sounds completely unreasonable and I would be moving to another insurer.

 

[paddy555]

£500 For the certificate?
Are you sure they don't just want a copy of the certificate a bit like proof of no claims for insuring a vehicle, it shouldn't cost you anything if that is what they want.

I guess they are asking her to pay the vet for a current vetting which she estimates at £500 or at least that is how I read it.

 

[Upthecreek]

I haven’t - it’s been insured since I paid for it over a year ago.

In that case I’ve never heard of an insurer asking for that. Find another insurer.

 

[AmyMay]

Are you trying to insure with a new company?

 

[Lady Jane]

If you are insuring with a new company, but have been insured for a year, I would expect them to ask for the clinical history from your vet, something doesn't stack up. You should be able to get a 5 stage vetting for less than £300

 

[SussexbytheXmasTree]

I’ve never had a problem insuring without providing a vetting certificate. My old boy wasn’t vetted at all and was a direct swap for one I had vetted but Petplan insured no problem. That was 16+ yrs ago.

Younger horse was vetted and paid 7.5K and no certificate needed 3yrs ago with Carriage House. Do you have loss of use cover as I think then you definitely need it?

 

[Sossigpoker]

What is this company? That sounds like utter nonsense and I've never in the nearly 20 years of insuring horses have had to provide an annual vetting certificate

 

[BronsonNutter]

Would be worth asking if they would accept your original vetting certificate from the time of purchase and a copy of the horse's clinical notes?