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Insuring Foals

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Last activity 2014-05-14 12:55 PM
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TheOldGrayMare
Reg. Nov 2009
Posted 2014-05-14 11:50 AM
Subject: Insuring Foals



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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%. 
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Whiteboy
Reg. Jul 2012
Posted 2014-05-14 11:59 AM
Subject: RE: Insuring Foals


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How are they establishing a value on the foal? 
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TheOldGrayMare
Reg. Nov 2009
Posted 2014-05-14 12:07 PM
Subject: RE: Insuring Foals



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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.
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Whiteboy
Reg. Jul 2012
Posted 2014-05-14 12:22 PM
Subject: RE: Insuring Foals


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Oh.  I wondered if it was you insuring one  you raised.   
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hmm89
Reg. Oct 2007
Posted 2014-05-14 12:41 PM
Subject: RE: Insuring Foals





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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!

http://www.yearsleybloodstockgroup.com/

PS: I also insured my mare through them while she is in foal.
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TheOldGrayMare
Reg. Nov 2009
Posted 2014-05-14 12:54 PM
Subject: RE: Insuring Foals



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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.  
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BeanCounter
Reg. Feb 2009
Posted 2014-05-14 12:55 PM
Subject: RE: Insuring Foals




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Location: Keeping up with the numbers!
LCI...just added my filly who was only two days old. They are great people!!!!
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