No amount of googling seems to address this so I was hoping COTH could share their knowledge. I’m looking at buying a horse that the seller purchased from an insurance company. The insurance company had possessed the horse after a loss of use claim was filed and paid out, however the horse is now sound, passed a PPE and is in regular work.
Without getting into too many details, this is a VERY nice horse- previously sold for a large sum of money, and is still young with a long show career ahead of it. All of that being said, does anyone know the ramifications of buying/owning a horse that had loss of use claimed on it? I’m assuming it will never be able to be insured again, however I’ve heard that this may be possible if the name is changed (a little sketchy I know…). This is a chance for me to own a horse that under normal circumstances I could never afford, but need to go into this thinking rationally!
Any opinions appreciated- even if you’re telling me to stay away with a ten foot pole!