Insurance - The Horse Forum
Reply
 
LinkBack Thread Tools
post #1 of 11 Old 12-02-2012, 08:00 PM Thread Starter
Foal
 
Join Date: Aug 2012
Location: Missouri
Posts: 144
• Horses: 1
Question Insurance

Hey everybody my family and I are looking at buying a horse after the holidays when everything slows down and I have all the expenses exept for insurance and so I was wondering if you have any recommendations for insurance companies (or ones to aviod) and how much you pay ( note whether it is monthly or yearly). Thanks!
allboutjess is offline  
Sponsored Links
Advertisement
 
post #2 of 11 Old 12-02-2012, 08:06 PM
Weanling
 
Join Date: Jun 2011
Location: California
Posts: 423
• Horses: 0
subbing
loveyourhorse is offline  
post #3 of 11 Old 12-02-2012, 08:11 PM
Trained
 
Join Date: Jun 2007
Location: left of center
Posts: 7,083
• Horses: 2
Liability or a mortality/morbidity? Which are you looking for?

Signature undergoing edits. Please standby.......
franknbeans is offline  
post #4 of 11 Old 12-03-2012, 12:29 AM
Weanling
 
Join Date: Sep 2012
Posts: 282
• Horses: 0
I use agri-risk. LOVE THEM!! Highly highly recommended. I had to file a claim on my gelding who was in a fencing accident- they were wonderful and quick. I pay $400 yearly for $5000 major medical, $2500 colic, and $4000 mortality. This will change some depending on the horse, but my is my trail buddy who gives lessons and does the occasional show. Hope this helps!
tbcrazy is offline  
post #5 of 11 Old 12-03-2012, 12:33 AM
Trained
 
Join Date: Apr 2008
Location: Alberta, Canada
Posts: 6,672
• Horses: 12
All depends on what type of insurance you want (mortality, general, surgery, colic, death), how much your horse is worth, and for companies on who is around.
Plus the vet expense for the paperwork. In the long run it is a really minor fee and if your horse is worth alot (monetary, not emotionally) I would never reccomend not having it.

Whispering Secret Arabians
Registered Solid and Sabino Arabians
www.wsarabians.wix.com/home
WSArabians is offline  
post #6 of 11 Old 12-03-2012, 12:39 AM
Weanling
 
Join Date: Sep 2012
Posts: 282
• Horses: 0
Quote:
Originally Posted by WSArabians View Post
All depends on what type of insurance you want (mortality, general, surgery, colic, death), how much your horse is worth, and for companies on who is around.
Plus the vet expense for the paperwork. In the long run it is a really minor fee and if your horse is worth alot (monetary, not emotionally) I would never reccomend not having it.
My horse has insurance because he is worth a lot emotionally :) Money wise, $4000 isn't much in the long run... but the bond I have with him is worth WAY more than that!
tbcrazy is offline  
post #7 of 11 Old 12-03-2012, 12:55 AM
Green Broke
 
Join Date: Mar 2009
Location: Georgia
Posts: 3,246
• Horses: 2
Quote:
Originally Posted by WSArabians View Post
All depends on what type of insurance you want (mortality, general, surgery, colic, death), how much your horse is worth

How would the company determine how much your horse is worth?
Brighteyes is offline  
post #8 of 11 Old 12-03-2012, 01:03 AM
Weanling
 
Join Date: Sep 2012
Posts: 282
• Horses: 0
Quote:
Originally Posted by Brighteyes View Post
How would the company determine how much your horse is worth?
They look at "fair market value" in general, and your purchase price is a good start. It's basically evaluating what it would cost to replace your horse is something happened. I bought my horse as a 2 year old for $2800, and with all the training I put into him on my own would expect to get around $4000 if I sold him tomorrow. I can't really speak to the horses that go for $5000+... I'm SURE the requirements are much stricter... I.E. buying a horse for $500 and saying you want it insured for $10000, that's fishy. You would have to speak to the individual company regarding more expensive horses... I know I need a vet check for my guy to get coverage, but I dunno if more expensive horses are required to have an appraisal as well (which would make sense to me... if you're insuring something for $10,000+). But the Agri-risk people are great, I'm sure they can answer your questions!
tbcrazy is offline  
post #9 of 11 Old 12-05-2012, 09:27 PM Thread Starter
Foal
 
Join Date: Aug 2012
Location: Missouri
Posts: 144
• Horses: 1
Hey guys I was just wondering what kind of coverage you would recommend should I get the medical surgical?


BASIC COVERAGE (required)- Getting this
Full Mortality/Theft: $200.00 (includes $2,500 for Emergency Colic Surgery)


ADDITIONAL AVAILABLE COVERAGES
$5,000 Medical/Surgical: $204.00 ($375.00 deductible)



Private Horse Owners Liability (n/a in HI or AK): - Getting this
$300,000 limit: $58.00/horse
$1,000,000 limit: $85.00/horse

PLEASE NOTE: We highly recommend Private Horse Owners Liability, particularly if your horse is not kept on your own property. This coverage is your protection if your horse injures someone or damages someone else's property and you are found legally liable. Private Horse Owners Liability is not available for trainers, instructors, breeding stallion owners, or large schedules of horses. A commercial application would be required for those risks.

Thanks for all your help
allboutjess is offline  
post #10 of 11 Old 12-05-2012, 09:37 PM
Trained
 
Join Date: Jul 2011
Location: Portland, OR
Posts: 5,286
• Horses: 1
I got mine through Broadstone- I'm working off of memory, but I believe mortality and major medical up to $7500 had an annual premium around $450.

For the horse's value, I used his purchase price. I think I may have had to send in a copy of the bill of sale to substantiate that claim. They do say that you can later increase the horse's value based on training, show record, etc. but you'd have to justify it. So odds are, you wouldn't be able to buy a horse for $500 and then insure it for $10k- even if it was potentially worth that much, you'd have to prove it through a show record or similar.

For liability- double check with your home owner's or rental insurance policy (you'll likely have to call them up to be sure) to see if they'll cover liability on a horse that is kept off property. I was very happy to find that mine does
verona1016 is offline  
Reply

Tags
buying , costs , horse adoption , insurance , recommendations

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the The Horse Forum forums, you must first register.

Already have a Horse Forum account?
Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

New to the Horse Forum?
Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.



User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Old Thread Warning
This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
insurance corbs24 Natural Horsemanship 7 10-27-2012 11:37 PM
Insurance eventer89 Horse Talk 3 04-19-2009 11:45 PM
Insurance missy06 Horse Health 6 09-24-2008 02:52 PM
insurance upnover Horse Talk 3 05-20-2008 09:42 PM
Insurance huntergrl Horse Health 0 12-19-2007 10:29 AM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome