Insurance
Darby
Racing P/L recommends when purchasing a share in a race horse
that you take out insurance. In most cases, Darby Racing P/L
will already have taken out an insurance policy
for a certain period that is incorporated into the initial share
price. Once this period ends, you will need to renew this insurance
policy to cover your investment against death/mortality
and theft. Darby Racing P/L can also assist
in the renewal process.
Whilst
insurance companies will cover you if your horse dies or is
stolen, they seldom insure against break down or injury. They
will also, for an extra fee, cover you for colic surgery if
your horse was to fall ill due to colic.
Insurance
policies can cost on average around 3.5-4% of the share price
per annum depending on the insurance company. To insure a share
in a race horse for the sum of $10,000 for one full year, the
cost would be $350 - $400 a year approximately.
Insurance
policies for young developing horses are particularly important
due to the amount of training-related stress
that is placed on the growing horse.
Owner
Information
