Worth Insuring?

[ihatework]

I was wondering if it was worth continuing to insure my horse ....

He has had the following injuries - proximal suspensory desmitis, splint fracture, torn sesamoid ligament and now has been diagnosed with navicular.

My insurance company has been absolutely brilliant throughout and paid out £1000 's in vets fees on him but understandably he now has the following exclusions : hocks/front feet/splint bone/sesamoid ligaments
In addition to this I got my renewal letter through today and he has had an additional 50% added to his premium (can't say I blame them!)

So I was wondering if it was worth paying the high premiums?
TBH at this stage if he had anything else serious happen that was going to need operating on I would realistically need to think seriously about PTS as with the navicular his long term prognosis isn't great anyway. Any small things and I am in a position to be able to cover the vets fee's.

So do you reckon it is worth just getting 3rd party liability via the BHS and stop insuring the horse?

Surely we can't have any more bad luck? (... on second thoughts please don't answer that!)

 

[Marbs]

Personally I would just insure for 3rd party. I wouldn't want to pay the extra money (which sounds quite a lot!) when so much which could be claimed for would be excluded from cover.

 

[dozzie]

You must have third party. I insure my oldies with NFU for basic value- minimum £500. It costs me about £5 per month per horse!! But they are retired!
Im not sure about whether the BHS insurance covers you for example if they get out of a field so you would need to check exactly what the cover covers!

 

[Mooch]

I would be tempted just to put your premium into a savings account each month / year.

Then if anything does happen you will at least have some money put to one side.

And, you can just get your 3rd Party through someone like NFU.

 

[amandaco2]

you must have 3rd party and legal assistance i my opinion esp in this day and age of people being very keen to sue.
i would insure him as a retired horse im sure it wouldnt be that much.at least then you would be covered for a 3k colic op if needs be.however if you feel a colic op would not be what you would want for your horse then i would go for just cover to 3rd party and legal assist.