- The foals and yearlngs you purchase at the JRHA Sale are automatically insured, commencing at the time when the hammer is knocked. As far as the yearlings, the premium rate is 2.8% of the purchased price, and it is paid equally by the seller and the buyer. It means the buyer must pay 1.4% of the purchased price as the insurance premium and it will be included in the invoice from JRHA to the buyer. The premium of insurance for the foals are all paid by the seller.