Full Loan

[kate121212]

hello,

i am debating taking a horse on full loan and keeping it on a yard im on currently sharing a pony.

what type of things would i have to pay for, for a horse on full loan ie. Horse Insurance?

i would be so greaful for feedback
thanks
xxx

 

[carys220]

Everything but the horse in my experience.

 

[kate121212]

ok so what if the horse is insured in the owners name, would i still have to pay the monthly or annual cost for the insurance?
xx

 

[nikkiportia]

I insure my loan horse myself, but my old loan horse was insured in owners name, and I just paid her the monthly premium via standing order

 

[Libbyn1982]

It depends on the arrangement and contract with the owner. I have loaned horses and also loaned my pony out. Generally the loanee will pay for all the keep of the horse - livery, feed, shoes etc... I have also in the past had to pay vets fees, back man, teeth and insurance myself but I have also had an agreement whereby the owner paid the insurance (i think so she was happy the horse was fully insured), and I also had by BHS gold member insurance, she also had in the agreement that we would split vets fees up to a certain amount.

 

[Weezy]

I always insure my horse myself - think about it, if the horse dies then the loaners would get the pay out if they were paying the subs!!!!!!!!!!!!!

 

[kate121212]

ok thank you x x x

 

[cellie]

I have one on loan for my daughter and my own and her owner pays the insurance.She has gone up in value from £1000 to £3500 because of everything she has done with us .Owner is happy and so are we.Good luck the best thing we ever did.

 

[jumpingjack]

Yes when i loaned out i kept the insurance in my name and the loaners were supposed to pay me back monthly just make sure you get it all covered in the loan agreement exactly what you are responsible for.