Meowy Catkin
Meow!
What does LOU mean DabDab?
Thanks for your reply x
LOU = loss of use
So for example, you insure the horse as an eventer. The horse has an injury and cannot event any more but can still be ridden, so you get a 'loss of use' insurance payment as the horse now has a much lower value and cannot do the job of eventing. As the horse can still be a happy hacker it should be freeze marked to indicate it has been the subject of a LOU payment. The horse can then be sold as a happy hacker.