Insurance - What do you value your horse at?

[burtie]

Just interested due to the amout of posts! I only insure for a nominal amount as I want vets fees cover and don't want to pay for death cover as it is so subjective(beleive it or not

) and a lot of companies would quible the market value anyway.

 

[Happy Horse]

I think if I was to insure now I would do as you say and insure for the minimum amount to get the maximum vets fees.

 

[Blackhawk]

I can't tick more than one option, but one is insured for £1k, the other for £5k.

 

[fairhill]

Other for me - currently she's insured for what I paid for her as a just broken 3-4 year old. She's now 6 and a lot more established, and I think worth a lot more... I will probably insure for more when I renew, so I'm sure I'll be doing a 'how much' post in the not too distant future.

 

[frannieuk]

Insured at what I paid for them, although both are probably worth a fair bit more now.

 

[patchandloopy]

the price i paid for the particualr horse!

 

[miller]

What I paid for him

 

[lisan]

Just under 5k as it made it a lot more expensive over that amount .

 

[Doublethyme]

I insure my mare for £3.5K, more than I paid for her has a baby, but less than she is probably worth on the open market (but who knows!).

I tend to work on the amount of money that would get me not her equivalent now she is older, but another nice unbroken or just backed youngster as that is what I would get. No point in paying high premiums for more than I actually need if something awful did happen. Its something I have thought out a bit, as it did happen with my last horse, who was underinsured at the time of her unexpected death and I only just had enough to get a youngster.