Market value insurance?

[huskydamage]

Does anyone have an idea please what would the market value be for this type of horse?
( for insurance I would NEVER sell her, OH thinks I am undervalueing her, but I've had her a while now so not sure I can just use what I paid for her)

15.3 anglo arab mare, 10 years old. Fun pc/allrounder type. Hacks alone and in company, excellent in traffic, done drag hunting, sj xc and jump cross with me. Has a blemish on her hind leg from sn accident but doesnt effect her/cosmetic (aka put black polish on it ?) no vices or health problems


Thank you, also if anyone can recommend any reasonable priced companies that would be great

 

[rara007]

Are you going to get her vetted? The higher the value the stricter the vetting requirements, up to 5k you can usually insure without... by the time you get over 10 they’ll probably be asking for xrays. How much did you pay when you bought her? It’s such a minefield getting their value back- we don’t have LOU or expect death payouts tbh.

 

[ihatework]

Sane sound fun allrounder will be 5k starting price, rising depending on her quality, training, ride ability, competitiveness.

BUT I’d also echo Rara007 - insurance is a funny game to play.

A few questions -
How long have you had her, what/why do you feel she is worth more now than when you bought her, have you had her insured previously and if not why are you just starting to insure?

From my experience if you have just bought a horse it’s pretty easy to get them insured without a vets cert. Once you have had them a while and especially if you are wanting to insure them for more than you paid insurance companies are a little suspicious and start asking questions and expecting vetting as done

 

[GoldenWillow]

The usual starting price for insurance is the price you paid for her. I increased my cobs insured value after 3 years as he was a just backed four year old when I bought him and he was now seven with an all round education and competition record. I had to show competition results and BD list judge and instructor wrote a letter stating his why his value had increased. This was for a value of under £5000.

 

[huskydamage]

I had a 5stage vetting when I bought her 3 years ago which she passed. She has always been insured but the premium is silly this year for some reason so Im looking to shop around. I paid 4000 when I bought her so would put her at the same or less because she now has the scar on her leg. However she has done more stuff since then and horse prices seem to be a LOT more expensive now for some reason! Was curious as having discussion with OH who thinks that's not enough money but he is a penny pincher ?
I like to have LOU but it usually raises the price too much!

 

[FestiveFuzz]

I've always insured for the price I've paid for them, regardless of whether I've improved them since. The only one that will be re-valued is my youngster as we've had him since he was a weanling and will want him insured for LOU when he starts his ridden career. I've been informed by our insurers we'll be required to provide a 5 stage vetting and x-rays at that point to enable us to add LOU, but having been burnt before with a youngster I'd always want LOU now.

 

[ihatework]

I’d be inclined not to change her value, it’s not far out and in the grand scheme of things keeping them under 5k is helpful for minimising hoops to jump through whilst still getting full vet cover.

I would caution getting her vetted if you need to to switch providers. If you do that and it flags something borderline that may have no clinical significance then you have gone and unnecessarily put exclusions on your policy - Id pay the increased premium from you current insurer rather than do that.

As for companies, the usual suspects - KBIS, Shearwater, SEIB, Petplan, NFU but to be honest insurance premiums are rising quite steeply over the last few years. You could take a gamble on E&L if you have a back up plan, they are significantly cheaper.

 

[Red-1]

I have insured for less than the amount I paid. I mainly insure for vets fees, and they are worth more when professionally produced and sold from a smart yard. As soon as they come here and enter an amateur life, they are worth less. I have never been questioned.

Also, I have then reduced the amount I have insured for over the years. I cite reasons such as that they were sold with XXX potential, yet we have been amateur competitors since. A 6yo with potential is worth a lot more than a 10yo who has not made the potential...

It all goes to reduce the premium, plus it is true, as I am rubbish at selling!