Promoters are not considered insurance agents under the Act. Our Share
Price includes insurance from the fall of the hammer for a finite
period. In most circumstances, that date is through to 1st November in
the year of purchase of the yearling.
On this date, each shareholder may individually choose to re-insure their share at their own expense should they wish to do so.
Owners are under no obligation to re-insure. Some owners decide to re-insure, some owners choose not to re-insure. It is a matter of personal preference.
Dynamic Syndications always recommend that our owners consider their personal position and if appropriate, we do recommend that clients re-insure.
Owners should budget approximately 4% of the insured value as the anticipated annual premium. For example, if the insured value of your 5% share was $8,000 then the premium would be approximately $.
The promoter does not act as an insurance agent but is able to put individual shareholders in contact with insurance providers.
On behalf of our owners, if requested we will complete and forward all necessary documentation to the relevant insurance provider.
Dynamic Syndications Managing Director has had business dealings with LOGAN LIVESTOCK INSURANCE since 1986 . At our request, Logan's will contact each owner directly to determine your preferences. Owners are under no obligation to use the recommended insurance provider.
Clients are free to use the insurance provider of their choice.