changes in the claiming game?

Scav · #1 12-09-2006, 06:10 PM

Quote:

Originally Posted by Rupert Pupkin

You can buy something called "claim insurance", so that if the horse you claim breaks down and is put down, you would get your money back.

Richi, how much does something like this cost, say on a 20k Claim

Cannon Shell · #2 12-09-2006, 06:12 PM

Quote:

Originally Posted by Scav

Richi, how much does something like this cost, say on a 20k Claim

I believe 5% of claiming price. Some states HBPA's offer free claming ins to members under a group policy.

Scav · #3 12-09-2006, 06:20 PM

Quote:

Originally Posted by Cannon Shell

I believe 5% of claiming price. Some states HBPA's offer free claming ins to members under a group policy.

so 20k plus 1k to insure....interesting...

Yo Cannon, do first time owners have to hook a trainer up, up front, like a 5k advance to train the horse or is it on the honor system?

Cannon Shell · #4 12-09-2006, 06:24 PM

Quote:

Originally Posted by Scav

so 20k plus 1k to insure....interesting...

Yo Cannon, do first time owners have to hook a trainer up, up front, like a 5k advance to train the horse or is it on the honor system?

Even though I love your advance idea, usually you get billed at the end of the month.

Scav · #5 12-09-2006, 06:29 PM

Quote:

Originally Posted by Cannon Shell

Even though I love your advance idea, usually you get billed at the end of the month.

I see why it is a pain in the ass then, people don't pay their regular life bills and then they have to pay for the friggin horse, which I am assuming is more then just the day rate but also the meds and medical maintence included in that monthly bill

The Bid · #6 12-09-2006, 06:39 PM

Some guys pay in adavance. I paid my horse from point of purchase at the sale until his first race. The trainer and I negotiated a fair rate.

Scav · #7 12-09-2006, 06:41 PM

Quote:

Originally Posted by The Bid

Some guys pay in adavance. I paid my horse from point of purchase at the sale until his first race. The trainer and I negotiated a fair rate.

You get a break for doing that?

Rupert Pupkin · #8 12-09-2006, 06:39 PM

Quote:

Originally Posted by Cannon Shell

I believe 5% of claiming price. Some states HBPA's offer free claming ins to members under a group policy.

I don't think it's nearly that expensive. It only costs 5% to insure a horse for the whole year. I think the claim insurance only insures the horse for one race. I don't think it would be 5% to insure a horse against a one-time chance of a breakdown in the race you claim him.