emmab
Olympic Poster
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Post by emmab on Dec 20, 2005 18:02:41 GMT 1
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cubic
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Post by cubic on Dec 20, 2005 18:46:46 GMT 1
£1-1.5k maybe. For insurance you have to think of how much it would cost to replace her, and you could replace her (not literally ofcourse, but a similar pony) for that much, or probably less if you looked hard. Having not competed or done pony club etc it's hard to attach a higher value to her, especiallyexperience valued highly in ponies as parents want something safe and proven for their children to learn on.
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beckie
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Sensible dressage horsey - haha!
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Post by beckie on Dec 20, 2005 19:16:52 GMT 1
1.5k-2k i reckon-does she have a passport? and is she fully broken?
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Post by kas on Dec 20, 2005 19:23:46 GMT 1
About 1.5 k if she's nice and safe. It says "nicely schooled on flat and over poles and has huge jump! ready to compete sj next year. hacks out alone or in company" so I'm guessing she's fully broken  |
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stef
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Post by stef on Dec 20, 2005 19:34:09 GMT 1
I would also that she would be about £1.5k at the moment.
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Gingersmum
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Life is sweet
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Post by Gingersmum on Dec 20, 2005 20:09:02 GMT 1
Out of interest . . . why would anyone want to up their insurance premium just because they believe their horse has increased in value ?
I'm really refering to these horses where people say they would never sell it.
Surely in these cases you are only insuring your original investment, plus perhaps third party, vet bills etc these things would be covered whether you insurance a horse to the value of £1k or £5k. It seems odd that anyone would want to volunteer to pay more premium for an amount that they haven't had to pay out in the first palce ?
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Post by RiP Its A Matter Of Principle on Dec 20, 2005 20:48:25 GMT 1
Out of interest . . . why would anyone want to up their insurance premium just because they believe their horse has increased in value ? I'm really refering to these horses where people say they would never sell it. Surely in these cases you are only insuring your original investment, plus perhaps third party, vet bills etc these things would be covered whether you insurance a horse to the value of £1k or £5k. It seems odd that anyone would want to volunteer to pay more premium for an amount that they haven't had to pay out in the first palce ? |
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natalia
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Post by natalia on Dec 20, 2005 21:12:50 GMT 1
why value your horse higher? simple. because you get more payout for loss of use or death of horse. If your horse is insured for more, you want to be sure you can get a decent replacement should the worst happen. I have no plans of selling my horse yet, but have him insured for 5k, when realistically, I would sell him for 3-4k depending on time of year.
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Post by jor on Dec 20, 2005 21:21:10 GMT 1
careful saying something like that on a public forum natalia  dont think your insurance company would be happy knowing you have put your horses value at more than he is 'worth' I dont insure my horses individually, they are not covered for death (I wouldnt replace most of them anyway) or vets bills (I put money away each month into an account which earns high interest to pay for vets bills) The ones that are insured indivdually are ones I have on loan or I would replace if they died, they are insured for purchase price (or for what the owner considers thier value within reason) only, in the case of one youngster her sale value is probably over 2x what i haveher insured for, however until she is shown I am not going to up her insurance value. Emma, isnt this the pony who has had unsoundness/back problems? If it is then your insurance company will not want to up her value until it is confirmed that all this trouble is completely sorted out. I hope you have informed your insurance company of your trouble, if not they will be able to refuse to pay on claims to do with anything they deem related to your ridden problems with her (her back. legs, mouth, whatever they like!) |
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Post by RiP Its A Matter Of Principle on Dec 20, 2005 22:03:35 GMT 1
Yeh but Natalia if thats your attitude yeh wanting to up your worth or what ever, surely you would know what you want yourself with out posting a thread about it. Think about it, if your posting a thread wanting to know of somethings worth you probably are actually thinking of selling. From past experiences of people that would be my thought!
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BeTheBest
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Post by BeTheBest on Dec 20, 2005 23:06:47 GMT 1
Not going into all the insurace or whatever but I would say about £1800.
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Post by jennyb on Dec 21, 2005 7:20:10 GMT 1
You can over insure your horse all you like Natalia, but if it comes to a death or LOU claim the insurers will pay out what they think is market value, so you may well be wasting your money on the extra premiums.
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emmab
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Post by emmab on Dec 21, 2005 11:10:06 GMT 1
morning all. thanx for your replies, think we'll go for £1500 value then. would just like to add a couple things:- jo r, she is the one that had some 'front end' trouble. it turned out that it was her feet that were the problem, we've had them done by a remedial farrier a couple weeks ago - he said he's 99% sure that her problems were due to her feet needing balancing properly as there was a lot of tension on the outside of her near fore, resulting in this being carried up through muscles to her left shoulder / neck area. she's also had another session of bowen since and arnica for a couple days and both farrier and bowen therapist both said they'd be very surprised if the problem re-occured, having seen her move since. good question regarding this and insurance though and if it were deemed to be an ongoing problem we would definitely state this to them and take it into account re value. its a matter of principle - the details on her insurance has been kept the same since we first had her at 8 months old, therefore the insurance company asked what her market value would now be being that she's now ridden, going to shows, hacking etc - basically her purpose has changed a lot since then. obviously i had a fair idea myself but thought i may be being biased in pricing her and therefore wanted an unbiased opinion of value! we have and never will have any interest in selling her whatsoever! if i was wanting a price with a view to selling, what reason would i have to pretend otherwise to people on here?!!  |
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Post by MirandaSophie on Dec 21, 2005 12:00:09 GMT 1
I have to say, I don't really see what the problem is, it's quite nice knowing what your equines are worth, whether or not you are going to sell them. It's always good to have some idea, surely.
I also think it's quite sensible to getdifferent opinions so that you know you're not blowing things out of proportion.
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Gingersmum
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Post by Gingersmum on Dec 21, 2005 22:51:17 GMT 1
Agree MirandaSophie it's no problem in fact it's nice to know your horse is now worth more due to your hard work - but I'd be darned if I would give that money to an insurance company! My angle on this story is . . . I had my first horse as an unbroken 4 year old, through the course of my 15 years ownership he progessed to a decent hunter/hunter trialer then finally got older and died :-( So his value went from £750 purchase price through a guessed at 'several thousand' - and yes that gave me a warm feeling! - back down to £nothing as an elderly horse.
He would never have been for sale but - my point is - I always insured him at £750 to cover any accidents and to keep my preminums nice and low.
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dont think your insurance company would be happy knowing you have put your horses value at more than he is 'worth'
