Posted 2014-05-14 11:50 AM Subject: Insuring Foals
Expert
Posts: 4625 Location: Desert Land
Have any of you insured a foal (under 6 months of age)? If so, what company did you go with and what was the percentage rate? My insurance company will do it and under 45 days is 7% and then after 45 days it's 5%.
Whiteboy - 2014-05-14 9:59 AM How are they establishing a value on the foal?
Purchase Price. I have a buyer interested in the colt and wants to put down a deposit, but I won't do it until there is insurance in place. They will also do it for "fair market value" if you can prove what other foals by the stallion are going for.
I am going through Yearsley Horse Insurance for my foal that is due any day. They will insure a foal after they are 24 hours old. The rates vary depending on age, under a week old is a higher rate, under 30 days, 6 months, etc; it goes down the older the foal gets. Best option would be to give them a call. I worked through Jess Johnson, she is great!
Whiteboy - 2014-05-14 10:22 AM Oh. I wondered if it was you insuring one you raised.
Yeah, this is a colt born recently and have a buyer that wants to put a deposit. I have never sold one before it was weaned and I feel like taking a deposit is like the kiss of death. So I figured if I am going to do that, I need to get this dude insured first.
Insuring Foals
