06-25-2009, 09:27 AM
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It usually is a percentage of what you and the adjuster agree the value of the horse is. The exact percentage is based on the breed and usage and usually ranges from 3 percent per year and up for mortality. The other option is major medical which can depend on your plan, some range from a 250 flat fee to $500 up front plus 25% of the expenses up to the first set amount.
We've had from 2 to 8 insured w/ Markel for quite a few years w/ one major claim for colic surgery. In my opinion they are no better or worse than a number of other companies and if I had a halter horse there is no way I would pay their premiums. Google horse insurance and look over rate plans for various companies and resellers and see if it is something you want to do and then ask specifically about what companies you are looking at. It just seems to be easier that way.