ARE YOU/R HORSES INSURED?!

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EquestrianFairy

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I was going through my DD's and noticed i have so many things insured.. myself and all 3 of my horses.. what do others do?

IF some are and some arent, please describe why?
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I get quite irate at people who don't have their horses insured. The only exceptions I can understand are people who buy & sell (and therefore fallen stock might just be an unpleasant part of the business), Riding schools who probably can't afford it and the odd eccentric who doesn't want the cost of insurance but has the money to pay should the worst happen.

ETA Golden oldies too
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If you own a horse for yourself, one of the costs you should account for is insurance. Can't afford insurance premiums, how the H**l are you going to afford the vets bill. You have mroe responsibility to an animal's life than just "if the worst happens I'll just put it down because I can't afford to pay" IMO.

I am insured because I ride other people's horses and the BHS thingy covers that.
 
Horses yes, Mac third party only through my BD membership as he's retired and uninsurable for vets now anyway.
Atty's insured including for LOU.

Me , I'm covered for riding Atty through his insurance and since he's the only horse I ride thats good enough for me.
 
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get quite irate at people who don't have their horses insured. The only exceptions I can understand are people who buy & sell

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What about owners who keep their oldies? veteran insurance does not cover much, once over 20, visible external injury only, anything else is not covered. ANd at 30, no more cover available at all.
Ther are also many horses who have had claims resulting in exclusions, so insurance is not going to cover them anyway.


Self , insured for normal life, accident and illness cover, not rider specific, as any illness or injury, however caused would be just as difficult. No point restricting it to rider cover, DIY, road, household injury all just a likely,
 
My horse no, but I am a member of the BHS so I have 3rd party.

The horse isn't insured as she is worthless. I have also saved so much in extra policy charges and excess from not having Vet insurance, that when I got hit with a £2K bill I was still quids in.
 
Weird that you replied to JM07 but quoted me?
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Yes, you're quite right, I apologise, Oldies should be on that list too.
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odd eccentric who doesn't want the cost of insurance but has the money to pay should the worst happen.


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or accountant- Once a certain number of horses are owned, statistically, its better to save several thousand a year at a fair interest rate and then pay up when there is a problem. That's how insurnace companies make a profit.
 
I have insurance through BHS Gold and BE memberships.
We have four, three are insured one isn't. The mare that isn't is because she came to produce for a sale and me being a fairly rubbish dealer sold her to myself - lol.
I'd already known her ages and I fell in love! I know she is sound etc Insurance wanted a full vet certificate which I felt was a waste of time because she has sarcoids and other lumps and bumps they would exclude loads of stuff so on balance it wasn't worth the expenditure.
I know because I've sat down and worked it out, that if I'd saved my premiums over all the time I've had my horses I'd have more than covered the claims I've made and would be better off (in fifteen years three claims). However I'm supersticious and although I've considered cancelling all the policies I know if I did I have the bad luck that they'd probably all be struck down at once!
IMO if you have a few and you know you are fiancally secure enough to pay for treatment should you have to, it makes more sense to save what you'd pay in premiums but it is a gamble.
 
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Weird that you replied to JM07 but quoted me?

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One of the idiosyncracies of this board is that Reply button makes it lookas though the next post is a direct response to the preceeding one, not just an new post on the topic.
hence using quote to make it clearer, easier than trying to scoll backc up and find the relevant Reply button.
 
my horses are not but i am with bhs too with 3rd party
i dont have vet insurance because some insurances are reluckened to pay out
i would rather pay out of my pocket straight
 
Look, you, stop picking holes in my argument
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OK I give in, yes it probably is statistically better to save the money rather than insure the lot if you have loads.
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As long as that person knows they can afford the vets bill whatever it is, i.e up to the highest amount that a horse would be insured for vets bills anyway.
 
Ares are insured if they stray and cause an accident and anybody that rides is insured, but we don't insure for vets fees, loss of use etc as it was cos it £1000 for 6 and that was ten years ago.
 
I put yes to both although I don't have a horse ATM in the past my horses have always been insured.

I have 2 insurance policies for myself; the BHS gold one and a seperate one which covers me for personal injury and hospitalisation. Wouldn't bother with the second if I was just a pleasure rider but I work with horses and often have to ride tricky or young horses so seemed a sensible option.
 
I think at the very minimum horses should be insured for liability cover. With the amount of accidents/incidents that occur involving horses etc and with today's suing culture i don't think I'd like to be stuck with a bill that could potentially go into hundreds of thousands of pounds.

I could if necessary (max the credit card) stump up a few grand for vets fees but not a liability claim!
 
BHS Gold covers 3rd party for all the horses you own, (priavte ownership, not commercial) so is good value for money
 
No, we have 4 horses and a pony, are quite able to afford vets bills - and even insurance companies I have talked to agree with us that it is better for us to be 'self-insuring' and just pay the bills ourselves. We are insured third party - which I do agree is essentrial - through BHS membership. And I insure my tack separately. I think a lot of people with multiple horses are better off not insuring. Also, I think a lot of vets tend to aks if you are insured, and will go for the longer-term, lower intervention techniques first if not insured, which I prefer anyway as being more in the interests of the horse than a quicker expensive fix.
 
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I get quite irate at people who don't have their horses insured. The only exceptions I can understand are people who buy & sell (and therefore fallen stock might just be an unpleasant part of the business), Riding schools who probably can't afford it and the odd eccentric who doesn't want the cost of insurance but has the money to pay should the worst happen.

ETA Golden oldies too
wink.gif


If you own a horse for yourself, one of the costs you should account for is insurance. Can't afford insurance premiums, how the H**l are you going to afford the vets bill. You have mroe responsibility to an animal's life than just "if the worst happens I'll just put it down because I can't afford to pay" IMO.

I am insured because I ride other people's horses and the BHS thingy covers that.

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Or maybe it's just not cost effective? We currently have all our insured, but are now at the stage of stopping insurance. Built into the insurance premuim is the costs of admin and profit for the insurer, so if you have several ponies it can be more cost effective to self insure.

There will be years when nothing happens, years when you have a lot of expenses, but with a number of ponies it will average out and you cut out the middle man and his cut.

Nothing eccentric about it.
 
Only had my horse 6 month and shes already cost £1700 in vets bills, i certainly haven't paid any where near that amount to the insurance so far.......poor pet plan wah ha ha
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To keep the monthly cost down i have valued my horse at a fraction of what shes worth, so i get the vet bills paid but i won't get much back if she dies
 
I was thinking about this yesterday as I was told how much my vets bill was. I pay £30 a month, and would not claim on my insurance for what I have just had him treated for. But the £30 I have shelled out for the last 18 months would have covered this vets bills.

I do have a means of getting a large sum of ££ if needed, and also as much as I love my horse, if I had to decide on giving him treatment that might not work and was a lot more than his worth with no guarantee of him being happy/healthy, or to PTS, he would be PTS.

I am thinking of cancelling my insurance and just using the BHS insurance and saving the money I am forking out. As in 2.5 years he will be 15 and considered a veteran anyway, so I would prefer to save the pennies for that and anything that arises.
 
I dont know how I would have coped without insurance .I am now up to £6000 worth of claims with the same horse over 2 year period,you never think its going to happen to you but it does.Im pleased as he has had the best treatment and is only 7 so has plenty of fun years ahead of him.
 
All of my horses (mares and youngsters) are insured with KBIS for death and theft; I use BHS Gold membership for third party. With so many, vet cover is not an option for me (besides, a vet keeps his horse with me!
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) If I had a riding horse I might have low death cover to make up for having vet cover - but highly unlikely!
 
We have paid out insurance for years and now do not. We have BHS gold cover. We have paid out thousands over the years and have never had a claim, partly because of the excess, we informed the insurance company of a colic incident, which was under the excess, caused by the mare stuffing herself with wilted nettles, this led to the company excluding colic, which has made a further claim impossible for us to make. In future we will pay by other means.
 
i used to have the horses insured but we were paying alot of money to insure 4 showjumpers and most of the time the insurace company refused to pay out anyway to it was money in cold blood. we now have 16 horses and there is noway we can afford to insure them, especially without the assurance of them paying up.
we are looking into insuring our best horse as he is now worth alot so if he ended up permantly broke would be alot to lose but otherwise like someone else said earlier on this post it averages out cheaper over the years to pay the vets bills ourselves. this is our personal situatuion and i am in no way saying that people should not insure their horses, i think its a very individual thing.
and yeah i am insured.
 
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