I hadnt thought of that!!  I paid £4,000 for my 15.1 hands Connemarra x Irish Draft nearly two years ago, he is therefore insured for that amount, however I know that if I put him up for sale I would probably be lucky to get £3,000, so you are right, would my insurane company give me £4,000 or much less???  I was looking on a horse for sale website yesterday and its scary how cheap some of these horses are, you can pick up a TB horse for £800!!!  There are lots of  'sold from the field' so, obviously dealers.  For £2,500 you can buy a nice little pony now. Its scary how many TB Ex racers are up for sale, and cheap too, I guess that this time last year people were still taking them on or being rehabilitated at special centres, if these centres are full and no one wants to take on an ex racer, they will end up being sold dirt cheap to anyone, or go to the meat man ... what an awful thought.