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  1. #1
    Join Date
    Dec. 5, 2010
    Location
    Ohio
    Posts
    6

    Default Looking for a good insurance company...

    Any ideas? I am located in Ohio and am looking for a good insurance company to insure my boy through. Has anyone come across a really good insurance company? Or a really bad one I should veer away from?



  2. #2
    Join Date
    Mar. 4, 2009
    Location
    Arizona
    Posts
    1,110

    Default

    There have been quite a few posts on here that you can search for that have people's experiences with insurance companies.

    I use Markel for my mare, but I can't tell you good or bad since I've never had to actually make a claim.



  3. #3

    Default

    I highly recommend http://dietrich-insurance.com/ ; Shawna and her staff are wonderful. I know lots of people who use them and have met Shawna in person at Championships and she is a super nice lady. They use several different underwriters and can discuss policy options with you, but usually their first choice for most clients is Great American.



  4. #4
    Join Date
    Feb. 19, 2009
    Posts
    4,534

    Default

    find an independent agent who can give you a variety of quotes. I currently get my insurance through QBE/Praetorian. Haven't had to make a claim, but it is one of the companies that offers a sublimit for colic surgery which is nice.



  5. #5
    Join Date
    Jan. 10, 2007
    Location
    too far from the barn
    Posts
    5,519

    Default

    I use Broadstone and am insured through the Hartford. It has been excellent coverage for me.

    My friend Betsy Minton is with Dietrich and I can recommend them as well http://www.dietrich-insurance.com/default.asp?p=1
    OTTBs rule, but spots are good too!



  6. #6
    Join Date
    Feb. 5, 2005
    Location
    PA
    Posts
    161

    Default

    Markel has very competitive rates but my claim took more than 6 months and a lot of duplication on the part of the folks at New Bolton and my vet until they paid and then it was for only 35% of the bill. After a few more weeks of phone calls and a nasty letters working my way up the food chain, they finally paid the full claim. I may be the exception to the rule but my experience was not good.

    When it came to renewal, I chose a local independent agent who gave me options. I've now been with Great American for a few years and can happily say I haven't had the need to file a claim although I do know a few folks who did and were very pleased with the turn around time.
    "Every little girl wants a pony so why should big girls be any different???"



  7. #7
    Join Date
    Jul. 10, 2007
    Posts
    65

    Default

    Myself and both my mother and sister use Broadstone and have been nothing but happy with them.



  8. #8
    Join Date
    Jan. 14, 2008
    Posts
    130

    Default

    Things I bear in mind are
    1) once the agent sells you the plan - they are basically out of it. I don't care who sells me the plan - as all they do is get me the paperwork and collect the premiums. If you make a claim - they are totally not involved - you talk to the claims department at the underwritor - not the agent who sold you the plan
    2) almost all plans have the same premium or pretty close to it. What you need to check is who is underwriting it, what is the reputation of their claims processors and claims processing time
    and finally
    3) what is covered! Check into colic sublimits, deductibles, copays on diagnostics (20% now with Markel and GA!!). Check also for ulcer coverage, stem cell, shockwave and IRAP coverage policies as well.

    I shopped around and got a plan underwritten by BritAmerican. Has normal premium, plan for colic, separate plan for medical, NO COPAY on diagnostics. Diagnostics include MRI/Xrays/Ultrasound/Nuc Scan etc. That can add up MAJORLY fast if you have a 20% copay.



  9. #9
    Join Date
    Dec. 12, 2007
    Posts
    4,012

    Default

    Hi there ~

    We moved your thread here to Off Course since the topic isn't discipline-specific, and you might get some good input from folks outside of the Dressage forum.

    Thanks!
    Mod 1



  10. #10
    Join Date
    Sep. 4, 2010
    Location
    Ca.
    Posts
    244

    Default

    I have had no problems with Great American.



  11. #11
    Join Date
    May. 31, 2006
    Posts
    148

    Default

    Broadstone with The Hartford. They have been fantastic! My mare had colic surgery and they covered everything but the farm call from my vet. Faxed the paper work and had my check 4 days later! Of course she has maxed out her major/medical for the rest of the policy period so I'm now shopping for large quantities of bubble wrap! Lol!



  12. #12
    Join Date
    Sep. 7, 2006
    Location
    WNY
    Posts
    5,484

    Default

    My filly is insured through Broadstone. She's had insurance for less than a month, so I can't comment on claims, but it was very quick and easy to get the policy.



  13. #13
    Join Date
    Jan. 28, 2002
    Location
    Alberta, Canada
    Posts
    4,553

    Default

    Be careful on the type of policy you purchase. An insurance company could be justified in paying you less than your insurance policy's face value. This can happen if you bought an "actual cash value" mortality insurance policy. Policies of this type are designed to pay you the fair market value of your horse around the time of its death. By comparison, "agreed value" policies provide coverage for a specifically agreed-upon amount.

    So, if you insure a horse for $10,000 and your policy is for actual cash value, you could be paying those premiums for several years, and if your horse dies and your insurance company determines that the horse isn't worth $10,000 at the time of it's death....you get whatever they decide the horse is actually worth.

    Ask me how I know? I'm an Equine Appraiser and regularly work for private clients and/or insurance companies on Death Claim Reimbursements and see this problem all the time. (Not so much as a problem, but horse owners are devastated when they find out they won't be getting their 10K after all those years of premiums)

    No matter what insurance company you go with, make sure you understand your policy inside and out.

    Tracy
    Daventry Equine Appraisals
    www.equineappraiser.ca
    www.DaventryEquestrian.com
    Home of Welsh Pony, ISR/Oldenburg & RPSI pony stallions Daventry's Power Play, Goldhills Brandysnap LOM & Alvesta Picasso
    Also home to www.EquineAppraisers.com



  14. #14
    Join Date
    Dec. 20, 2009
    Posts
    3,121

    Default

    THIS^^^
    I have a friend who insured her horse for years (10-12); at age 17 he broke a leg and she filed her claim; after MONTHS of haggling w/ no resolution at all, she had her lawyer father get involved. Insurance company finally coughed up $$ and because of the delays and so on, she actually got more than if they had just paid mortality up front. Unfortunately I don't know what company it was, but my general sense of insurance companies is they do whatever they can to NOT pay. I have current horse insured for much less than purchase price, just for the medical coverage. If something awful happened, it would be nice to get some $$ back, but in another couple years I will stop insuring anyway as I just hate the concept, and dont need the aggravation.

    I think any of the insurers will be quite cooperative when selling the policy; the true test comes when you have a claim...



  15. #15
    Join Date
    Dec. 13, 2005
    Location
    New England
    Posts
    1,374

    Default

    That's good info to know Daventry, thanks!
    I've used Hallmark for the past several years. They've been really good to deal with. I can't speak for the claims part though (fortunately).



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