Excited and Nervous! Have some questions too.

Marie1

Marie1

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First time post! I am almost 18 now, and finally find myself with the transport, the funds and the time to take on my own horse. I have found a lovely 17hh, 12yo Hanovarian Mare to full loan for the first time. I have had shares in the past and so cannot wait for this! I do have a couple of questions though..

Who should be paying for the horse insurance? I am obviously taking on the mare and the costs, but if something does happen and the horse has to be PTS, then it is the man who is loosing the horse and not me and who should therefore receive the payout?

Also should I get a saddle fitting done and a new saddle is needed who should be paying for this also, as again it is the man who is ultimately receiving the new saddle in the long term?

And FINALLY, is there anything I should know to do, any helpful tips or anything specifically I should definitely not do? Thanks!
 
You should insure the horse but the owner would receive the payout if the worse where to happen, that's how we've always done it any way.

Its a good idea to get the saddle checked if it comes with one. If not it is up to you to purchase one, this is your property though so if the horse was returned you would still keep your saddle.

Make sure you have a contract in place and agree the value of the horse before you take it.
 
Very often in this situation, the owner (who as you say would be the one to be paid by insurance company if necessary) will insure the horse with the loaner paying the premiums to the owner. This means tht the owner is reassured tht the insurance is continuing throughout the loan.
As above, if you buy a new saddle that is your property, even if the horse returns to the owner.
 
Make sure you have a formal loan agreement with all these things written down! and read it and make sure you understand it!

Good luck!
 
Exciting :D Pictures? :p

I agree with the others about insurance and saddle.

Make sure your contract covers how much notice either of you have to give to terminate the loan. I took a little ***** of a chestnut Arab x mare on loan, they were so desperate to get rid of her that they didn't bother with a contract. And were rather reluctant to take her back at Xmas time when they'd booked their holiday. We said you take her back or we're bringing her back anyway!
 
How exciting!!!!
Whoever pays the vets bills should pay for the insurance in my opinion. You don't have to take out loss of use or death cover and even if you do there's not necessarily always a payout even if the horse does die (and I think that when I took out my insurance policy on my loan horse, petplan noted that I was the loaner and but that any payout in respect of loss of the horse would be to the owner but it's worth checking this with the provider as I might be mis-remembering this).
If you don't pay the vets bills then make sure you have your own public liability insurance just in case (especially if you're not sure on the details of the owners insurance policy).
Agree with what has been said above re saddle. If the horse comes with a saddle then it's as little as £20 for a professional check of fit. If you have to buy a new one then the new saddle is yours and not the owners. If you don't need to buy a new one then the existing saddle remains the property of the owner (as with any other equipment - it belongs to whoever bought it).
Make sure you get a full loan agreement drawn up.
 
Thanks guys, I am very excited! And will deffo post some photos when she comes which won't be for another couple of weeks as sorting out the livery and the contract! You have all made what arrangements should be there much clearer!
 
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