You CAN substantiate the value of a foal...proven sales record on your farm,
or bloodlines, show record, etc. The company who has my stallion insured for
$15,000 will pay this amount should he die even though I bred and raised him
(I owned his sire and dam). He won just about every CTR he ever did and got
several BC's on 50's and won 1990 IAHA Nat'l Champ. Endurance. They
pre-approved his value based on his record. PLUS, his babies are now
starting to prove themselves and him...so, even as he gets older, his value
is not dropping.
Check out various companies, and find one who gives you pre-approval (in
writing) of a value.
Teddy
I only had one insured horse die. I bought a mare on time payments, the
seller insisted on insurance (thank goodness)...the mare dropped dead
suddenly. Only problem I had was the insurance company wanted the papers
which I did not have (not having made all payments), seller refused to give
them, but they paid anayway. They have no business with the papers anyway!!!
(the stupid agent said he wanted to make sure they were'n used on another
horse!! I was angry at the incinuation!!)