Posted 23 February 2018 - 01:39 PM
Only because I work in the insurance industry (not equine) can I say that premiums are not solely based on claims.
We hear the same about home, auto, etc. and have to explain to the insured that each year the risks change therefore premiums can either increase or decrease. Premiums are based on zip codes, travel, age of home, car, horse, breed, etc. And claims as well if there are any. An algorithm system is used to generate premiums rather than the agent. I hope this information proves somewhat helpful even though it doesn't help reduce your premium.
And now I have a question for you. That is if you don't mind sharing. Why is it you aren't interested in Great American? I used them in the past for a short period and am also currently researching equine insurance.