Insurance Change

One factor of managing the cash reserve account of your horse series is the periodic assessment of mortality insurance premiums. When shares of your horse are originally offered on MyRacehorse the horse is insured at its auction or purchase price. As your horse progresses throughout its career our team makes changes to these amounts based on a number of factors, most importantly current race record and performance. Note that these values may be changed periodically depending upon new developments with your horse. For example, if your horse becomes a Graded Stakes winner, or a stakes-placing, particularly for a filly, the insurance value would be increased. Conversely, if your horse drops into claiming ranks, is gelded, or isn’t competing at the highest levels of racing, the insured value will likely decrease from the original value. Actively managing insured amounts allows us to optimize the remaining funds in the reserve account, which will be distributed back to you at time of account closure.

We’ve recently decreased Chasing Time’s policy from $500,000 down to $250,000.