OMG- horse ins premiums after a claim!?

[clairencappelli]

I had to make a claim on my horse insurance ( with NFU ) for the 1st time in the 3 years i have had the policy.

I have just had my renewal thing through and my premiums have gone up by a massive 50%

.

I was paying £23 a month and its now risen to £32.18, i was expecting a rise but not such a huge one

.

She isnt insured for loss of use or tack and is only insured for 1500.00.

Does this seem like a bit of a hike or a reasonable one to everyone else? Im reluctant to change as they have been so good over her injury and paid out almost 5 k.

can anyone tell me if thier premiums have gone up this much post claim- i only work part time

 

[RachelB]

Mine only went up a token amount, and they put exclusions on the policy. I had my horse eight months and totally cleared up the £5000 pot from the insurance. I'm with Equestrian Direct though, not NFU. It does sound a lot, especially for three years of having no claims!

 

[shadowboy]

that does sound like a lot. SEIS put on a tiny exclusion and premium went up by £8 per month when I claimed in Shadows Hock- i thought that was very reasonable considering the soze of the claim!

 

[clairencappelli]

I did expect it to go to 25-27 ish but not to 32 odd pounds

.

Obv that injury is excluded but and other injury on that leg is still covered as i rang them and asked.

Do you think its worth a phone call to see why such a big increase?

I have never claimed before so never had to find out.

Also if i went to a new insurance and told them about her previous injury so they excluded it would they still cover me?

My pay rise this is is pathetic and with petrol and feed prices going sky high ill have to start riding to work

 

[c7mlm]

i had a claim with nfu after 2years claim free for a colicky pony. vet bill was just over £1k. when it came to renewal it did not go up much ( i ahd 3 ponys nearly £90 a month)but my excess went up from £100 to £250 . and it was not just on this pony but anything on my insurance from that date or that i added on . so i just changed the policy into OH name and it went back down to £100 excess.

 

[harvgj19]

SEIB put my premium up by 30% after a claim. I went with someone else, as I couldn't fathom paying £310 a year for a horse worth £1500 who was only doing hacking and schooling.

 

[clairencappelli]

It does seem that a 50 % increase is a bit more than you have all paid.

I might have to ring around for other quotes.

 

[Perissa]

I can't speak highly enough of Stoneways!

They paid out 12K yes that is 12K in vets fee's (10K) and 2K for physio and farriery for my horse and 'only' put a 15% surcharge on my policy and most importantly no exclusions.

They weren't the cheapest but had the best small print. They pay for things like livery in hospital, many don't and 1K of alternative therapies per claim which includes farriery and physio etc.

 

[Louby]

Im with NFU, had two major claims in the last few years (over 5k limit) and didnt get any exclusions which both my vet and I were suprised about. My policy hardly went up either, just what you would expect inflation wise. Maybe we are all going to be in for a shock this year.
Im paying at the moment £36 for everything inc LOU, (insured for £2300) which I keep saying Im going to remove but I just know if I do I will end up needing it, sorry Im very pessamistic sp

 

[LCobby]

I would ring them and ask why
has your horse just reached a signifiant age?
one of mine jumped up in premium when he was 16 .

 

[clairencappelli]

she is 14 this year so not i would say that would be the cause.

It does seem a bit excessive so i will phone them and ask them why this is and if im not satisfied with the answer i will phone around other comapnies.

Im just a bit peeved as i hadnt claimed before this ad my horse is otherwise well with no other problems and now the injury is soon to be excluded its not going to affect how much more i claim anyway.

I cant help feel a bit peeved as everything esle is going up and my wages have hardly moved- not even enought to cover the increase let alone petrol, feed and bedding etc!

 

[ladyt25]

I would certainly give them a call as you have nothing to lose. you may find however the increase is to do with rate increases and no just because of your claim. Many insurance companies have increased their rates this year (the one I work for included) but I would say what you're paying is quite a lot based on the sum insured of your horse so i would certainly question this.

I would say the premium may have also gone up if you have made frequent claims but you say this is your first so that would not apply.

Ring them, ask if there's anything else they can do. If not, ring around a few more and see what premiums they will offer. I think NFU will prefer to keep a good client so, if you find a better premium go back to NFU and see if they will match/beat it.

As i said, you have nohing to lose and us insurance lot are a competitive bunch so there's always room for a deal!!