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  1. #1
    Join Date
    Apr. 3, 2003
    Location
    Up the creek from bar.ka
    Posts
    10,049

    Default Major Medical gone WAY up?

    I got my insurance bill and I have major medical on 3 of the horses. I think last year I paid 250 per horse for the major medical, this year 375 per horse.

    Anyone else?



  2. #2
    Join Date
    Jun. 12, 2007
    Location
    CT
    Posts
    6,249

    Default

    Is it the same coverage? I know at least one company totally re-structured their medical policies this year. If the limit/deductible combination you had was eliminated, your agent may have bumped you up to the next option.



  3. #3
    Join Date
    Nov. 16, 2006
    Location
    NC
    Posts
    641

    Default

    ^This.

    I recently renewed my insurance with Broadstone (mortality and major medical) and my premiums were the same as last year. Maybe your coverages have changed for some reason?



  4. #4
    Join Date
    Jul. 31, 2007
    Posts
    15,943

    Default Note to self... while you watch

    I know!

    How do I know/saw it coming?

    Because of the threads here on diagnostics go: "So we blocked, then X-rayed. Results were inconclusive so we did a bone scan. We did do an ultrasound, and we'll recheck with that in 6 weeks. A couple of MRIs were thrown in.... because, hey, the horse is insured."

    The ones on treatment go: "(standard steroid-n-stuff) joint injections. Then IRAP and Shockwave. PRP and Tildren might work too (for various things).... and do it during this insurance year before the offending joint becomes uninsurable."

    I can see the meter running as I read these, can you?

    For diagnostic stuff, I do think it would be a good idea to have owners pay a percentage of what they decide to do. If you don't practice some restraint with diagnosis, the actuarial people will impose that for you.
    The armchair saddler
    Politically Pro-Cat



  5. #5
    Join Date
    Sep. 13, 2002
    Location
    Pacific Northwest
    Posts
    5,249

    Default

    Great American, by any chance? I had a similar "surprise" earlier this year. We decided to basically self-insure a couple of mine (drop the insurance and then apply the premiums toward what we will cover ourselves if needed). I've had my horses insured for a number of years, so I kind of had an idea of what some claims have been and could compare it with the new coverage, which includes a lot of cost sharing of diagnostics and treatment. Based on that, I decided to only keep the two youngest and competitive horses insured.



  6. #6
    Join Date
    Jul. 10, 2001
    Location
    12th floor of the Acme building in a city that knows how to keep it's secrets.
    Posts
    5,369

    Default

    I dropped my insurance, too. Perhaps if my agent had called first, I wouldm
    have had a discussion and perhaps found an alternative. Since they only called after I didn't re-up, I thought I made the right decision.

    I decided to self insure, too. The mortality wasn't a big draw. I just didn't want to have to count dollars if the question was surgery or euthanasia.
    *****
    You will not rise to the occasion, you will default to your level of training.



  7. #7
    Join Date
    May. 22, 2003
    Posts
    9,644

    Default

    My company switched underwriters and my bill went up A LOT.

    I might shop around now if anyone has recommendations. If not, I will stick with the same company for the next year.



  8. #8
    Join Date
    Nov. 16, 2006
    Location
    NC
    Posts
    641

    Default

    Quote Originally Posted by Phaxxton View Post
    My company switched underwriters and my bill went up A LOT.

    I might shop around now if anyone has recommendations. If not, I will stick with the same company for the next year.
    I have been very happy with my policy with Broadstone, which is underwritten by American Home Assurance Company. I am going on my fourth year with them and my premiums have not changed. Of course, I have yet to file a claim. I did a LOT of research before renewing this year, not because I was unhappy, just to see what else was out there. I stayed with Broadstone because I felt I was getting the most bang for my buck with them. Also, they were very willing to work with me when I wanted to do a payment plan rather than pay the entire premium at once. I would highly recommend them.



  9. #9
    Join Date
    Feb. 7, 2000
    Location
    Northern Virginia
    Posts
    2,988

    Default

    Quote Originally Posted by horsepoor View Post
    Great American, by any chance? I had a similar "surprise" earlier this year.
    Same thing here.
    "Whether you think you can or think you can't, you are right." -Henry Ford



  10. #10
    Join Date
    Aug. 20, 2004
    Location
    North East
    Posts
    2,210

    Default

    I have Great American and my premium did not go up this year.



  11. #11
    Join Date
    Feb. 12, 2009
    Location
    Charlottesville, VA
    Posts
    435

    Default

    I have Great American and my premium did not go up this year (I just renewed).



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