Pricing a RC horse for insurance

[Angua2]

Before anyone panics, no I am not selling my girly!

I just need to know what a realistic RC horse should be priced at, as I need to re-adjust my insurance valuation.

As usual the horse is well capable of more than she is doing and is dressaging, Jumping both SJ and XC (with far more flair and confidence than her owner), hacks alone and in company. Is a star for vet and farrier and iis a total genuine allround sweetheart.

Downside is that she is pidgeon toed, cribs, cannot be bred from and is a baggage to load and travel (although it is improving).... but apart from that....

So what do you reckon for a 16hh ish TB chestnut mare (the one in my siggi)? I was thinking of £2k. Would that seem a reasonable estimate?

 

[galaxy]

age?

I am revalueing my mare at the moment (wasn't broken in, now is) and they have asked for a valuation letter from a judge/ instructor/vet. Just to warn you, apparently it's the standard procedure for most companies (I'm with NFU).

 

[Angua2]

age?

I am revalueing my mare at the moment (wasn't broken in, now is) and they have asked for a valuation letter from a judge/ instructor/vet. Just to warn you, apparently it's the standard procedure for most companies (I'm with NFU).

Yep, the Insurance company have asked for the same kind of thing, unfortuatly my vet and instructor have said "what do I think"..... Um she is worth millions??.... ... however I need to be realistic

She is 7

 

[ecrozier]

I'd say you probably want to think along the lines of what you could replace her for.....so maybe a bit more than £2k? But tricky one as cribbing does def reduce the value....I wouldn't worry too much about the pigeon toes or loading as most horses have the odd fault and she obviously does load and travel! And guessing has passed vetting etc re the toes...

 

[reindeerlover]

I'd go with 2k, there is no point in overinsuring as your insurer will not pay more than market value if it comes to it and it will usually make your premium higher. If you are only increasing the value by a little, a decent explanation of what improvement your horse has made since the last time you increased should be sufficient- perhaps a copy of any dressage sheets, list of winnings (nb. do NOT list shows where you won "prettiest mare", "nicest tail" etc ), regular lessons with qualified instructor etc.