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 Matings Consulting Appraisals & Insurance Expert Witness
 "Valuing your bloodstock can be one of the most important steps you can take. So often we think of our horses like our children and it is difficult to give a fair assessment. Therefore obtaining an outside opinion is a very healthy exercise. The last thing you need to do is spend good money on a lesser product if it’s undeserving. This outside appraisal can be a determining factor. Also, when mating your mares it’s important not to over breed them and generally I recommend a stud fee to be 1/4 to 1/5 the estimated value of the mare."
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Nicoma provides appraisals for horsemen, banks, accounting and law firms.
Headley Bell prepares appraisals every year for a number of major farms. When performing an appraisal Headley attempts to inspect the horse if possible. It is assumed that the animal is healthy in all respects. The appraisal value or fair market value is based on his opinion as to what this particular horse might sell for at an appropriate public auction on a date close to the date of the appraisal. The appraisal value considers the conformation as well as the pedigree, which includes racing ability, and whenever possible, recent trades or comparable offerings.
Actual value depends on at least two individuals wanting the horse at public auction and since no one can ever predict if this will occur he often gives a range of values. This varies from what he believes to be the lowest possible value as well as the highest possible value along with the actual value somewhere in between. Discrepancies between an appraisal and an ultimate sale price are often due to changes in the horse’s age, use, physical condition, performance, progeny performance, fertility, breeding status and performance of relatives.
Insurance
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"The key ingredient for insurance is to be paid in the event of a claim. We are pleased there has never been any dispute on any claim. The point is, insurance is a matter of having a good working relationship with the underwriter and assured. There are many good carriers of insurance who provide a service, and even if you have a good working relationship with your existing agent, it is generally beneficial to obtain a competing quote. We use numerous markets when placing our insurance and are always happy to review your schedule with you."
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