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Originally Posted by Merlinsky
Ok question I hear about "insurance premiums" in general but really how much can we guestimate that a horse like Bernardini or Henny Hughes costs in payments? What's a monthly look like?
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Let's figure that Bernardini is worth about $60 million. The insurance premium is usually about 5% of the horse's value. So if Bernardini is worth $60 million and they want to insure him for $60 million that means it would cost about $3 million a year to insure Bernardini.