With my company you get your horse insured for what you paid for him. If its $500 or $5000. That is his value unless he has improvements (training, show records, etc.). If you didn't purchase the horse the base line is usually $2500. The value of the horse will be reviewed and if they think it is higher than the horse should be valued at, they will only approve it for so much. If you value him at $4000 after improvements, and the company says its only worth $2500, that all you will get. My company, Great American, through Connaway and Associates will insure for mortality up to the valued amoune and Major Medical/Surgical up to $7500. Obviously, this is a great deal for horses valued at less than that. There is a $250 deductible for each claim. Your horse will most likely not be covered for any type of colic, because they will see it as a pre existing condition. Good luck.