Are your horses.........

any future horse i buy will be insured most probably for everyting-basically loss of use, vets, etc etc

my old boy isnt as it costs around £150 a year to do so-which covers nothing apart from loss(i think) which onyl comes to £500 so totally not worth it-stopped it this year....very sad to be honest
 
I have public liability insurance for all of them via the BHS. Two are insured for theft and death, but two aren't due to their age and relatively low financial value.

I do not insure for vets fees for any of my horses, as I don't think it is financially worthwhile in my situation.
 
We've only just insured ours and we've had her just over a year. After a shockingly bad experience with them with our previous horse we really didnt see the point. I think quite a lot of people put money aside in case of emergencies rather then insure them.
 
yes mine is insured. my policy covers vet bills, public liabilty and theft. It probably covers more but that is all i wanted so thats all i can remeber. ooo it covers me aswell for any injury or dental work needed caused by the horse
 
My horse is insured for vets fees, which in the past, I have found an absolute lifeline. I don't claim for small issues though, as I want to keep the cover open in case of a serious issue.
I would always have some form of cover though......Well, I have to actually, as it is stipulated by the livery yard contract.
 
mine are all covered 3rd party, that's all.
i have 5, and tbh i could just about buy a new one every year for the cost of the premiums if i insured them all. when i had just one, she was insured, and after years and years of insurance (with the same company) they behaved very shabbily when she was injured and i made a genuine claim for Loss Of Use as a competition horse (which was what she was covered for), refusing to pay for more than 50% of her value even though she was unable to compete again. tbh i think if i'd had her shot, they'd have paid more... never want to be in such a position again.
before anyone says that it is irresponsible to have horses uninsured against vets' bills etc, it is never a problem for me to afford such things, if necessary.
 
I insure for public liability, vets, loss of use and tack - £210 a year.
I was a bit put off insurance after a bad experience with one company so put money aside instead for emergencies but decided I was happier with insurance so have it for peace of mind.
 
B_G what happens if your horse damages someone else or their property? Do you have some kind of public liability cover?
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I have 23 horses and all are insured for public liability and mortality. None are insured for vet fees because insurance does not work the same over here as it does in the UK.

In the UK, my horses were insured for everything except mortality - was never interested in that.
 
Maiden is insured for death, theft, straying, 3rd party, and vet's fees. I wish I had her insured for loss of use as vet was positive we could have claimed (and I would have had a good head-start on my "new horse fund") but hey ho, it was a risk I took and it saved me money for the eight months I rode her! Vet's fees were invaluable though for both Maiden and for my last pony Lily. We had Lily for a year (insurance probably cost us £150-200 over that time) and made a huge claim when she skinned her foreleg walking through a metal gate which fell over while she was walking through it. Then we had only had Maiden eight months before she tore her tendon and cost us about £5000 in vet's fees (had probably paid £200 ish to insurance). I can't afford to take the risk that something might not happen to my horse while it's un-insured and I'm saving up a "vet fund" (which is what I'd do if I didn't have insurance).
My friend's horses are all too expensive for her to insure
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she has a "vet fund" though.
 
The insurance company that I have my whole yard and my own horses insured with for business insurance will offer individual vet fees as an option, however you have to actually be there the moment the horse injures itself in order for them to pay up. You cannot speculate how the horse may have injured itself....hence of absolutely no use to me or any other horse owner on my property.
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I have four of my own, all insured for death whether illness, disease or accident or on humane grounds; theft or straying; it also covers for mares foaling. One I have on loan has vet cover but I couldn't afford it for my lot; I have a rainy day fund hidden away! The two belonging to a friend that are here aren't insured at all, no way can I persuade him to but he has very deep pockets if anything happened and they don't leave here at all to come into contact with anyone/thing else. I have public liability through membership of the BHS.
 
My boy is insured for absolutely everything, and it costs me a bloody fortune - £2650 per year.
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I'm beginning to think this is not such a good idea, and thinking of just insuring him for basic public liability and vets' fees, rather than for death, loss of use, etc. Or just not insuring him for his full value, especially as he has recently been professionally valued at considerably more than I paid for him, and I haven't upped the insurance, so he's now under-insured anyway.
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What do you think? I basically just went ahead and insured him for his full purchase price, thinking that was the right thing to do, but when I had to stump up that ridiculous premium again this year, I started to wonder if this was completely bonkers!
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I would really appreciate some advice on this!
 
I have never been interested in mortality, however it comes as standard with the insurance I have at present.

In the UK, I never ever insured my horses for their market value - generally I had them insured for about a quarter of that figure as I was purely interested in vet fee cover. By under-pricing them, your premiums drop loads, however it does not affect your cover for vet fees.
 
Paid £380 for insurance, including vets fees.

Never know whether the vets fees is truly worth it or not, but have taken it out to be on the safe side.

If he was older I probably would have taken out veteran insurance just in case.
 
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mine are all covered 3rd party, that's all.

before anyone says that it is irresponsible to have horses uninsured against vets' bills etc, it is never a problem for me to afford such things, if necessary.

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Me too. Public liability only. We used to insure for vet's fees, but it was a complete nightmare so don't bother now.
 
Mine's insured for vets fees and 3rd party, insure for peace of mind that if anything happens i know i'm covered, especially now i'm facing a bill vets bill which is going to be an insurance job.
 
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My boy is insured for absolutely everything, and it costs me a bloody fortune - £2650 per year.
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I'm beginning to think this is not such a good idea, and thinking of just insuring him for basic public liability and vets' fees, rather than for death, loss of use, etc. Or just not insuring him for his full value, especially as he has recently been professionally valued at considerably more than I paid for him, and I haven't upped the insurance, so he's now under-insured anyway.
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What do you think? I basically just went ahead and insured him for his full purchase price, thinking that was the right thing to do, but when I had to stump up that ridiculous premium again this year, I started to wonder if this was completely bonkers!
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I would really appreciate some advice on this!

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I suppose you have a number of options......If I were in this situation I would anticipate keeping the vet insurance going (as I don't have a fund ready for emergencies). Saying that, if your horse gets older (where the policy may change) or exclusions build up, that might be worth reviewing.

Public liability for me is an absolute essential. I would keep the cover for death and disposal as everyone passes on someday and I plan to keep him up to that day.

I don't have loss of use on my horse and as he is not worh a huge sum I don't want it........I suppose it might be good if you spent a lot of money on the horse, then it goes wrong, and you want some comeback. Not sure how easily they cough up in this instance though?

If I were you I'd take the loss of use off and reduce the value - You would lose out if you ever needed to claim in this regard, but IMO I'd prefer that to a humungous ins payout each year for the policy.

A lot of depends on your ability to have money in the tank should something go wrong - I suspect if you do, then cutting the insurance down might be a good option.
 
I have got 4 and insure via BHS gold membership, for what it costs to insure for vets it would be cheaper to take a loan out should the need arise.
 
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