Thorn Song confusion furthers Zayat intrigue

[Antitrust32]

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.

[Antitrust32]

Let me add that I have absolutely no idea what actually transpired with Thorn Songs claim as it was a different company that paid out and they could have different policies.

I'm just explaining our policies incorrectly.