A Horse Owner's Guide to Saving Money on Insurance Premiums

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The following tips are provided for your information and as a courtesy. Copyright © 2009 Nancy Yearsley.

 

10 Ways to Save Money on Premiums

1)    Request  from your Agent access to the Leading Equine Insurance Underwriting Markets
       as they often have preferred rates, great claims experience and complimentary coverages (see #7 below).
2)    Request Special Pricing Program for Large Schedule of horses & Low Claims History.
3)    Ask about a Deductible Program for Large Schedule of horses & Low Claims History.
4)    Ask about Renewal Credits for  Larger Schedule of horses & Low Claims History.
5)    Lower values on average on all horses so can get more coverage across many more horses.
6)    Request Special Sale Rates which may be offered at Yearling and Two-Year-Old Sales.
7)    Ask for the added complimentary endorsements such as 12 month Extension (offers up to an additional
       year of coverage for a horse with a life threatening injury or illness which occurred during the policy period);
       Complimentary Colic Surgery Expense endorsement; Wobbler Endorsement (pays claim on wobbler meeting
       certain conditions).
8)    Ask to pay by credit card at no sur-charge and request installments.
9)    Make sure Agency offers pro-rata cancellation so that if you cancel your coverage, you are not penalized by
       early cancellation.
10)  Choose your agent wisely, as he is the key to cost savings, valuable & extensive coverage and satisfactory
       claims experience!