Decision regarding insurance on loan horse...

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Samantha008

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On monday, my notice is up for giving up my loan horse and his owner should be coming to collect him.

However, today she rang me up and asked me if i could keep my insurance rolling for another 14 days after monday (shes had TWO months notice). She says her reasoning is that when she takes out a new policy, the first 14 days he wont be covered, so to keep him covered with my policy. However, he is lame at the minute- only discovered as failed a 5 stage vetting when she tried to sell him (hes sound on soft ground) and i hadnt been riding as hes too much for me and im not afraid to say he scares me.

BUT- surely if i keep my insurance and she gets the vet out for this lameness, it would be in my name, so as to claim on the insurance? And would leave me having to pay the excess. Its ony £125- but money id rather not spend on a horse that is no longer mine.

Am i being unreasonable in saying that i want to cancel the insurance on monday? She has had 2 months notice and most people, if they were worried about insurance, would have taken out a policy 2 weeks ago surely???? KNowing he was coming back?

This lady is not trustworthy- she asked me to bute him up for a viewing. Obviously i refused.

Would the 14 days on her policy cover external injuries?

Thanks for any advice. Ive been "done" before on insurance from my last loan horse so am being extra vigilant this time- but dont want to be unreasonable.

Thanks

Edit- she also asked me if she could extend the day she comes to collect him a few days past monday as shes only jsut started looking for somewhere for him. Again- SHES HAD TWO MONTHS!!!

I also forgot to add that i offered to get the vet out- but she refused in the favour of giving him field rest!
 
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Don't suppose ins company would just let you change existing policy into her name? That way cover is continuous, excess is nowt to do with you and it's up to her how long to carry it on for from there. I only ask because my horse used to be insured under my parents name (I was under 18 when policy taken out) and this was eventually transferred to my name without affecting the cover or any of the bonuses built up for sticking with that company. May be worth asking and explaining your situation, afterall it's still the same horse they're insuring! If not to be honest I'd just cancel as she has had ample time to sort this out, you don't want to be stuck with the excess and what happens if this is something warranting further investigation, will she want you to carry on continuing policy forever?
 
Injuries are normally covered immediately, it is sickness that isn't. Personally I would not carry on insuring once the horse was out of my care.
 
Nope, cannot put the ins in her name! It would mean starting a new policy so you would get the 14 day thing still- and she doesnt want to use my insurance company. The cover is too expensive for her- ie ive paid for good insurance cover and she wants the bare minimum!!!
 
She will be covered for accident/injury immediately so what is her problem.
If you have full cover and the horse is unsound I would be worried that she may start to investigate this and that you would be liable for the excess.
I would cancel as soon as it leaves you,it is then her responsibility.
 
Make sure the policy runs until the day she collects the horse, it's not your fault she is playing silly buggers. I feel sorry for the horse, it doesn't sound like he is going to get a good deal from all this.
 
It is entirely up to you. you could say you will BUT will only use it to claim for colic type illnesses NOT lameness. I know she has left it late BUT moving horses to new yards can be a colic trigger so can understand why she has asked.

After all she cannot claim under the policy only you can do that, so she can't claim for something you are not happy with

I'm a softy and couldn't live with myself if I said no and then the horse had to be pts because there was no money for colic or similar treatment:rolleyes:
 
Well, as others have said if the policy is in your name she couldn't claim withut your knowledge. If you want to extend the cover for the horse's benefit, I should ask her to pay you for the extended cover (money up front). If she is not willing to do that, cancel the cover as per Plan A. TBH the horse is the owner's responsibility as soon as you hand it over, or in fact when your notice runs out. whatever happens to it after that is down to her. I hope you have told her that you have given notice at your yard and won't be able to keep the horse any longer.
I can quite see why you don't trust her.
 
It very much sounds as if she intends to claim on your insurance - A way around might be to a: point out that you would need to claim if anything happened, she couldn't (which could make her think twice) b: as said before, you require payment upfront for the 2 weeks c: tell her that the insurance will expire regardless on x date (i.e the 2 weeks after collection so she can't try and get you to continue again.

You keep saying you don't trust her so ... she sounds very dodgy to me!
 
like I said personally I would keep the cover going and not charge her, its only what £25 MAX I would owe it to the horse.

Just would not claim unless I wanted to, and make it clear or even make her sign something that states, as you are the insured party she MUST discuss with you BEFORE getting a vet if she wishes you to use your insurance
 
Difficult one, but if you dont trust this owner, then I would insure until he is collected, as others have said, she is covered for injury from the moment she takes out a policy. if something happens to the horse in that 14 days, its you that would have to claim, not her, so you would legally be liable for excess etc.
 
soulfull said:
like I said personally I would keep the cover going and not charge her, its only what £25 MAX I would owe it to the horse.

Just would not claim unless I wanted to, and make it clear or even make her sign something that states, as you are the insured party she MUST discuss with you BEFORE getting a vet if she wishes you to use your insurance
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Dont get me wrong, this isnt over the £20 it would cost me. I dont care about that. What i do care about is if she started an insurance claim...in my name...that could potentially cost thousands. What would happened if she went over the £3000 limit? Its easy enough to do :/ The rest would fall to me. I f i cancelled the insurance after 2 weeks and wed started a claim...would anything not paid be in my name? It would have to be. Its not like if she calls me with an "emergency" i can say no is it??

I dont want sasha to suffer because of something thats happened to me in the past, but i also dont want to be a mug and think this woman is capable of anything. She wanted to fill her horse full of bute when someone wanted to comae and see him. Not exactly honest :/

I genuinely have no idea what to do :/
 
What of a claim is made but for some reason the insurance won't pay out?

You would be mad to take that risk.

I'd cancel from the day he leaves, he has an owner that is responsible for him.
 
Samantha008 said:
Dont get me wrong, this isnt over the £20 it would cost me. I dont care about that. What i do care about is if she started an insurance claim...in my name...that could potentially cost thousands. What would happened if she went over the £3000 limit? Its easy enough to do :/ The rest would fall to me. I f i cancelled the insurance after 2 weeks and wed started a claim...would anything not paid be in my name? It would have to be. Its not like if she calls me with an "emergency" i can say no is it??

I dont want sasha to suffer because of something thats happened to me in the past, but i also dont want to be a mug and think this woman is capable of anything. She wanted to fill her horse full of bute when someone wanted to comae and see him. Not exactly honest :/

I genuinely have no idea what to do :/
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She can't do that it would be illegal and your insurance company would be liable for taking her claim. Speak to your insurance company and or vet if you are worried. IT would be like someone trying to claim on your house insurance if they broke your camera

Yes she could run up a vet bill, but it would be in her name NOT yours
 
If the company won't let you (or she doesn't want to) transfer the policy in to her name you can't leave your insurance running while she takes out hers and uses up the 14 day period as you are not supposed to dual insure a horse.

14 day no claim cover only applies to illness, as previously stated. She's screwed whatever happens as if she's trying to claim on this lameness, the claims assessor will see she has only just come on cover, will probably find out the horse has been on loan and will ask your vet for a history etc...
 
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