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Anyone ever had a loss of use claim paid?

Moderators: luluwhit, gotothewhip, cindyt, crossspur, ForumAdmin
Jump to page : 		Last activity 2015-04-04 6:35 AM
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Zebra racer
Reg. Feb 2015
Posted 2015-04-03 3:28 PM
Subject: Anyone ever had a loss of use claim paid?



Regular


Posts: 63
2525
Wondering how it went? Did they pay the insured value? Did they take possession of the horse or euthanize?

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Cdunn
Reg. Jan 2006
Posted 2015-04-03 3:36 PM
Subject: RE: Anyone ever had a loss of use claim paid?


Elite Veteran


Posts: 725
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Loss of use is a really fine line. Most companies will pay a percentage of the insured value usually around 70% and they take possession of the horse or reduce the percentage to 50% and you keep the horse. I have only written a hand full of loss of use endorsements over the past 30 years and thank goodness never had a claim. Sorry this is not much help. 
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Zebra racer
Reg. Feb 2015
Posted 2015-04-03 3:42 PM
Subject: RE: Anyone ever had a loss of use claim paid?



Regular


Posts: 63
2525
Thank you. It is somewhat helpful. I wondered how they paid.
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SG.
Reg. Sep 2003
Posted 2015-04-04 6:35 AM
Subject: RE: Anyone ever had a loss of use claim paid?


Blessed
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Location: Here		 Is it even offered anymore?
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