Thorn Song confusion furthers Zayat intrigue

[Sightseek]

Originally Posted by freddymo

I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue

Did you read the article? The bank also did not request to be listed as loss payee on Zayat's insurance.

[Antitrust32]

Originally Posted by freddymo

Do you believe the Banks position is still valid?

nope.

[Antitrust32]

Originally Posted by freddymo

I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue

not common at all.. I had never heard of it and I asked my friend who has worked here 13 years and she had never heard of it (which made me feel a little better).

But as we learned it does happen in odd situations!

Zayat deserves to be praised for trying everything to get this horse well, even though its not his horse anymore.

[Danzig]

Originally Posted by freddymo

I dont know if it is common for folks to collect on a mortality claim on a live horse and since that horse is colateral and or its worth if dead if it is proper for the Stable to keep proceeds? I really have know clue

you need to read the update about the horse-it explains why there was a payout. i received a payout on a car that was 'totalled'. i paid back the $100 salvage fee and kept the car on the road (insurance purposes for teens). if the bank didn't require it at the time of the policy being written, they can't retroactively go back and claim it now. 5/3 may want out of equine lending, but they're leaning heavily on wanting loans paid NOW, and are seeking to force their customers to pay in full. sounds to me that the bank may have the issue, not the customer.

[Cannon Shell]

Originally Posted by Danzig

amazing and great to hear!! a step in the right direction in hopefully combatting a vicious disease.


from the article:


Herthel said that Thorn Song, who is now owned by North American Specialty, is “not out of the woods yet,” but at this point is comfortable and his hoof continues to grow. He said Thorn Song’s quality of life is currently excellent and expects to have the horse at Alamo Pintado for a couple more months. He estimated that there is a 70% chance of Thorn Song becoming a stallion.

And about a 1% chance of him becoming a good stallion