All Risks of Mortality and Theft

What is market value?

• Policies pay up to the sum insured as shown in your certificate, but not more than the current market value - i.e. how much you could sell your horse for in today's market.
• In many cases this may be a recent purchase price, but taking into account for example recent racing performance, sales of progeny, age or even in the case of a breeding stallion the number of mares, fertility percentages and stud fee.
• We always try and ascertain this with you when the policy incepts or renews to make sure you are not paying too much for your insurance, and it ensures clients are not disappointed at claim payment stage.