Sum insurance

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swintondesire

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Im looking at insurance for my 16month old horse. just wondering if i would put this higher then the price i bought him for? hes done alot more since i bought him as a weanling so i would guess his price had gone up. but not sure with the current market :confused:
 
this is what confuses me. the market value will have changed since i bought him as hes would have added value maybe not much but some. and theres no way i want to insure him for pennies and gain pennies back if something happend what would be the point in producing him. glad you pointed out they will only pay the lowest amount back im sure i heard about that but your the 2nd person to mention it.
 
To be honest I would insure for what you paid for him. Unless he has been successful at high level inhand competitions, in the horrible event that you lose him the loss adjusters would strongly question the higher value you placed on him. Once he is backed then you cold justify an increase value. As has already been said you will not automatically get the value you have insured him for.
 
Dont worry it not like im adding more zeros to the end lol! and yeah i will go back to it once he is back. i guess aslong as he is covered is the main thing. u just never know with horses whats around the door.
 
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