Valueing a horse #2

[JavaJaneW]

Didn't want to pounce on ME's thread

When insuring a youngster (rising 2) how do you estimate value? Is it just a basic worth or do you look at breeding/potential etc?
Also, best company to insure with please?

I meant *valuing* lol

 

[reindeerlover]

I'd take into account stud fee, breeding and what it's done- if anything. You will probably have to justify your valuation in any case so (for eg)

My stud fee was £500 (start with £1500)
He is vaccinated/wormed/feet trimmed to date (£500), good to catch, halter broken, been placed in local youngstock shows (£500).

Well bred- sire is international sj, mare has jumped up to grade C etc. This is just a guide- will not work if you have a mini shetland/donkey/native etc but add on a couple of hundred for every "selling point".

Of course, if you bought him, it will have to reflect the selling price plus anything that you have done with him since.

 

[Divasmum]

It is also worth remembering that the higher the value the higher the premiums!

 

[JavaJaneW]

Thanky
I didn't breed her, bought her in the womb and had her from 5 months

She came from an Arab breeding stud

 

[CeeBee]

Not necessarily Divasmum - Harvey is insured with NFU valued at £4000 and I've just got a quote from them to insure Nemo at what I paid for him (under £1000) and the premium is about the same! Their prices have rocketed and they told me that it is the vets fees that bumps the premium up now.
However I also got a quote from Scottish Equestrian and they do go on value, so it's worth shopping around - their quote was almost half of the one from NFU.

 

[ihatework]

I would say, for insurance purposes, until they are broken in/performing, you would either say purchase price (if applicable) or stud fee + £1000 ish. This would be for your averagely bred sports youngstock. Obviously this would rise for seriously bred babies.

For example, I purchased a 20 month old for £2000 - nicely bred event type out of graded stallion with stud fee of £600 and a performance mare.

He was insured for £2000 until 3yo at which point he had done PAVO and a couple of other bits so insurance were happy to raise it to £3000. Arguably he could have been worth a bit more but kept insurance on low side to keep premiums down.