Commercial Farm Policy Approximated Cost

[SM_Ranch]

Hello,

I am working with a lender to purchase a horse boarding operation. My question is that my lender has asked me to get an estimated cost for insurance- Commercial Equine Liability and CCC policy are what it looks like what I would need. I have some requests out to some equine insurance providers, but I was wondering if anyone here with a similar setup could ballpark me on some prices to keep this moving along in the meantime.

Here is the info:

Property Value: $500,000
Number of boarders: currently 16 but space for 30
Personal horses which will be kept at property 5

Anyways, I’m hoping that anyone boarding 10+ horses could give me an estimate on the insurance costs as the lender is just looking for an approximated number at this time. Any help would be greatly appreciated!

Thanks

[skyy]

24 stall barn (main barn and 4 shed rows - 15 boarder/training, 9 lesson horses), 3 run ins, 4 bedroom farm house, indoor, 1 hay shed; CCC and liability - we pay about $4500 per year

[dressurpferd01]

[QUOTE=skyy;8959017]
24 stall barn (main barn and 4 shed rows - 15 boarder/training, 9 lesson horses), 3 run ins, 4 bedroom farm house, indoor, 1 hay shed; CCC and liability - we pay about $4500 per year[/QUOTE]

Right about the same as I pay for similar stats.

OP figure between 4 and 5k

[airhorse]

6K

Quotes as high as 12K…

[Fairview_Horse_Cente]

Call Blue Bridle.

[gumtree]

It depends on a number of factors. limits of liability desired, type of coverage, size and scope of the operation etc. Expect to pay a lot more if working with and or allowing kids to ride. Have clinics, shows etc.

I just shopped my needs around. Ended up going with Nationwide, farm business, home and auto. Excellent coverage for my needs at a very reasonable price. I was way over insured and was paying almost double for what I needed. I wasted around $10,000 in the last 4 years.