tough question.

[PhxSunsFan]

client has renters insurance and a 1 mil umbrellla bec of assets etc

Going to board a horse and the facility is asking for:
5k prop
10k bi
policy must clearly indicate that the coverage applies to the horse that is privately owned and maintained away from your personal residence.
I know the umbrella covers this.. but unlikey the renters policy does and that either would list as they require

A stand alone policy would cost 275 per yr bec they are 1 mil minimums
any way to save?? somenone mentioned you can get a stand alone for this for $50 for 5k/10k but no idea how..

 

[Markthebroker]

client has renters insurance and a 1 mil umbrellla bec of assets etc

Going to board a horse and the facility is asking for:
5k prop
10k bi
policy must clearly indicate that the coverage applies to the horse that is privately owned and maintained away from your personal residence.
I know the umbrella covers this.. but unlikey the renters policy does and that either would list as they require

A stand alone policy would cost 275 per yr bec they are 1 mil minimums
any way to save?? somenone mentioned you can get a stand alone for this for $50 for 5k/10k but no idea how..

If they are boarding a horse, that means they are doing it for a profit, and therefore, that is a business venture. They need a separate commercial equine policy. I wrote one of those for the same situation a couple of years ago with it's own $2mil umbrella for around $2k total.

$10k of BI for a horse is silly. Those things have been known to put people in wheelchairs for the rest of their lives, and $10k will barely cover a trip to the ER.

 

[STIBROKER]

better make sure there is a godfather clause.......

 

[rmhaire]

better make sure there is a godfather clause.......

View attachment 8864

Shame on you. Mr. Ed could be on here watching.

 

[goillini52]

Shame on you. Mr. Ed could be on here watching.

 

[rmhaire]

I knew you were going to do it. Didn't know which one but I knew.

 

[Tahoe Ray]

Are you selling P&C now?

 

[DonP]

I was about to say . Fe, fe telesales , recruiting for fe , mapd telesales , Medicare telesales then the chargebacks hit . Now he pops up p&c . Truck and yacht ins next !! Bezo.’s just got his $500 mil yacht delivered . Insure that and you can retire

 

[Tahoe Ray]

I was about to say . Fe, fe telesales , recruiting for fe , mapd telesales , Medicare telesales then the chargebacks hit . Now he pops up p&c . Truck and yacht ins next !! Bezo.’s just got his $500 mil yacht delivered . Insure that and you can retire

Picking your lane can be hard in our business.

It's not easy because with a handful of licenses you can basically sell anyone.

That said, specialists make all of the money. Pick a line and maybe add a few ancillary products then grind.

It's not a difficult process, but it certainly isn't easy.

 

[fed up]

If he can afford to own a horse he can afford to insure the barn properly. Don't look for the cheap way out.