Quote:
|
Originally Posted by freddymo
You have to buy coverage for LOU (3.75% rate here).
Is that high? You have gelding (Mine That Bird) worth 1.5 and you only have to pay 60k a year to insure him against him being basically useless? If you insure (lou) him at a 1.5mil evaluation and he can only run in quarter claimers do you get paid?
|
We do not offer LOU to Race horses. That would basically put us or any insurance company out of business.
And we also limit LOU coverage to $500,000 or less. So say you have a show jumper worth $900,000 we can do the jumper for mortality at a discounted 3.5% rate on the 900K (or $31,500 premium) and do LOU on the jumper for $500,000 on the horse at 3.75% (18,750 premium) plus probably $375 for our $10k Major Medical..
Total premium for said jumper would be $50,625.