Mare Owners: Do you Insure for LOSS OF USE??

[el_Snowflakes]

Hi guys,

A few of my friends have told me that they do not insure their mares for loos of use as apparently its very hard to make a claim for this (as insurance companies reckon mares can be use as broodmares if they become unrideable so they still have a 'use') I do have loss of use insurance but im wondering if it would be worth updating when i renew my policy??

what do you all think?

many thanks

 

[Suziq77]

It depends on the policy as to how they assess loss of use / breeding potential. I have two mares, one of them has LoU and the other one doesn't.

 

[lcharles]

As far as im aware, loss of use is for exactly that. My mare is used for showjumping 1.30 as her primary use. If for any reason, this cannot be her main use i should be able to claim 'loss of use'. Even if she could be used for a broodmare - which she could as she has great breeding, its not her use i'm insuring her for! x

If this was to happen, and i claimed loss of use, i could still use her for pony club level etc as its a lower level. whatever they are used for after 'loss of use' is irrelevant i belive.

This may be wrong but how i've always understood it to be! x

 

[Kat]

I don't have mine insured for loss of use as she is a general all rounder. It seems unlikely that for the purposes of a LoU claim we would be able to establish she wouldn't be capable of fulfilling this role as it includes light hacking and things have to be pretty bad for even that not to be a prospect. Also she was not expensive to buy and at present would not be expensive to replace, if she proves to be a useful competition horse in future then I might reconsider.

However I do consider buying a mare to be a kind of in built loss of use policy, as in if you buy a nice one and do well with it then you could if you were so inclined breed yourself another. Alternatively the mare is likely to have some inherent value or future job if incapable of work, unlike a gelding.

I'm not saying that all unrideable mares should be brood mares or encouraging indiscriminate breeding but it is something I have in mind as a mare owner.

 

[fidleyspromise]

I don't as one was bought as a companion and so if I get to ride her great, if I don't there isn't a loss there.
The other one was bought for happy hacking and having a bash at local events so to me, there isn't anything to lose with my 2 If they both turn out unrideable, then I'm happy having two pets. - although I might push to get a third for riding

 

[YasandCrystal]

Having just claimed loss of use for my competition horse I can tell you that certainly with my insurance company they will pay up to 80% of the insured value for LOU. 80% being the maximum and that means that the horse in my case cannot fulfill a ridden function as agreed by the vets for the forseeable.

If he could be ridden at a low level then they can adjust the % they offer you, so I would imagine that in the case of a mare if she is very well bred they could say she has a value as a broodmare (although she may be barren and any breeding possibility is unproven unless she has already bred a foal), whether or not you chose to breed from her - she would be worth £x amount.

 

[ossy]

I've always insured my horses 4 loss of use. My first horse was a mare insured 4 general riding club activities and when she couldnt be ridden anymore i got 100% lou back on her, i then sold her as a broodmare due 2 her breedin lines conformation ect. My current mare is also insured 4 lou.

 

[Enfys]

Just pondering here, can a broodmare be insured for LOU if she could no longer breed due to accident/illness ?

I don't insure my mares, I don't insure any of mine come to think of it, it isn't worth it.

 

[Kat]

I think so.......

I used to share a horse that was on loan to the lady I shared with because she was no longer suitable for her main job of being a broodmare - so my friend had it to hack. A bit backwards to the norm but it worked out ok.