insurance

[ldlp111]

Just wondered how much you pay for horse insurance.
I am with a very well known company but I think that they are very expensive and am just wondering how much others pay.
My horse is insured for £4000 i think, with £4000 per incident/illness limit for 12 months from injury/illness. Covered for loss of use although only 75% as she's a mare. Also have public liability upto £1 million. I paid £650+ for a year. Does this seem like alot? Gone up since last year

 

[cob1]

That does sound expensive (although it will be the LOU making it that way), although insurance is just going up & up.

I pay £500 per year for £2.5 million public liability, a similar horse value for theft, loss and death, personal accident, 5k vet fees and tack. Thats with NFU, with no LOU.

 

[BigRed]

The LOU is what is making your premium high, do you really feel you need it - I mean your horse is only insured for £4000, so presumeably it is not a top class competition horse ? the 75% part is not because she is a mare, that is a normal percentage.

I thought my NFU quote was high until I called the other big players and I quickly realised that NFU was about the cheapest high quality insurance I could get.

 

[maletto]

Insurance IS expensive. but very much worth it if you ever need it!!

Yes, yours does sound expensive, but as others have said it will be the LOU making it so. Have you called up the other big players to see what they will quote you?

Mine is loads less but I can't remember what's covered as we've had the same policy for the last 6 years. Mine's with KBIS and is relatively inexpensive - I called around all the big names last year and they all quoted me £100 more than what I pay now. I think though it's a loyalty discount or something

 

[Sparkles]

£48ish for BHS rider insurance....that's all for me.

 

[Marilyn]

I just got my insurance renewal and almost passed out when I saw the numbers so I shopped around- now with Amtrust, saved 100s (literally!)

 

[ldlp111]

I am with KBIS
I have though do I really need LOU as if she couldn't be ridden then would breed my next horse from her if possible, which is also the reason it's 75% of her value as she can be used as broodmare was told this on phone.

Have thought about not bothering with insurance and just putting what I would be paying them into seperate account just incase so would only be using the money if needed it. Then becoming bhs member for their public liability and stuff.

Runs out in september so go a few more months to have a think