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Post by Becca on Mar 23, 2011 18:51:14 GMT
The time of year we all love! INSURANCE RENEWAL Bern is on loan but I still pay for his insurance, just had my renewal through and it has gone up to £41 69 a month. I'm still insuring him for the cost I bought him for 12 years ago and I'm wondering if I should be. I wouldn't rush out to buy another horse especially the way my life is now, plus money wouldn't bring him back. Obviously with him now being 19 I would like him covered for as much as possible, but again on the other side he has seen the vet twice in 12 years (other than jabs). Anyone got any advise, or suggestions of companies? Sorry boring one I know  |
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Post by spotti on Mar 23, 2011 19:45:20 GMT
I've just renewed Faith's with KBIS. This will be our 3rd year with them. Never had to ask them for anything so can't really say how they would be in a crisis, but I heard good things about them initially and basically they've been good to us (easy to talk to, good prices, helpful etc) so we've stuck with them...not like PetPlan Equine...grr, tried to make the cover go up from about £309 (which is quite expensive anyway) to almost £400 even though we hadn't caused them any bother what-so-ever, and when my dad phoned up to ask why it had gone up so much (and wasn't is supposed to come down in price if we're staying with the same company) they finally agreed to knock of 20quid. That would still have been an increase of almost £60 though when all we had done was keep quiet and not ask them for help!!! Bonkers. Anyway, that's off-topic lol. We're with KBIS. Last year and the year before the price was £252 for the year, that covered 100% vet bills etc. This year it's gone up to £265, which I'm happy to pay without question as it's probably the VAT increase that has caused the price to go up. Plus I really can't be bothered to go shopping around again! Faith is only insured for £1000, which when I first insured her was far more than she was worth, but as time goes by maybe she's getting there  . How much is Bern insured for? Who have you been with? How much do you think he is worth these days? Some companies only insure for external and accidental injuries after a certain age...sometimes it's 15  ...but I think the better ones are learning that 15 is only middle-aged, no where near 'old' yet!!! |
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haffyfan
Administrator 
is pressing random buttons...sorry guys
Posts: 7,391
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Post by haffyfan on Mar 23, 2011 19:47:20 GMT
If your not bothered about loss of use you could try just insuring for a minimal/token amount to try and bring it down a bit...thats all I ever did with mine. Like you no amount of money could replace them for me but I guess people with expensive nags may feel differently about this.
I made the descision a few years back after murph had even more exclusions added to stop insuring them and just use the third party insurance my BHS membership provides...one day It will bite I'm sure but it saves a fortune meanwhile...
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Post by scattymare on Mar 23, 2011 19:50:54 GMT
I would definately reduce his value. Insurers will only pay 'market value' in the evnt of a claim and sadly as he's now 19 they won't give him a particularly favourable value.
The other thing to watch if you change insurer is the cover you get with him being an older gent. Many insurers will only pay for accidental external injury (so no illness cover, joint problems etc) once over 15 unles you're already with them.
Maybe if you just want cover for major catastrophies you could look at increasing your excess so you've got bigger claims covered but pay for smaller ones yourself.
Who are you with atm?
I used to use Scottish Equestrian and they were brilliant when I had a claim
Currently with *whispers* E&hell insurance but to be fair to them when I thought I might have to claim last year they were very good and quick - you just have to spell everything out to them, keep them informed of everything and be on the ball.
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Post by spotti on Mar 23, 2011 19:51:03 GMT
See I sometimes think I should do that Haffy, but I daren't not be covered for vet fees...just in case!
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Post by zara on Mar 24, 2011 6:15:34 GMT
Insurance is getting very expensive! To reduce the premium remove what you don't need, reduce value, increase excess on vet cover. I've joined the BHS recently so I have removed public liability and personal accident. I also don't have loss of use as this is expensive. Zx
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Post by Becca on Mar 24, 2011 19:00:56 GMT
very helpful peeps I'm with KBIS it's gone up to £500 inc the extra for dd. He's insured for £1800, i haven't looked at horse prices for so long but i know i wouldnt get that for him so dropping that is a goods idea. It currently says they cover 75% vet fees after excess plus 100% fo colic surgery. anything sarcoid related is scrapped too. I think I might ring them tomorrow and just drop his valueup the excess a bit cheers me dears  |
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Always saddle your own horse
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...but I think the better ones are learning that 15 is only middle-aged, no where near 'old' yet!!!
