Horse Insurance... Advice Needed!

[Pinhead]

About a month ago I posted saying that my boy was going out on loan... Well hopefully I have found him a lovely new loan home

and I'd like to get him insured before he goes so that I can be safe in the knowledge that if anything happens he will have the best care!

Anyway, have just been told by one insurance company that the borrower needs to do the insurance. Is it possible for me to insure him myself? Has anyone got any recommendations and what sort of cover do people usually go for?! Im a bit rusty on these things...!

Thankies in advance!

 

[Lollii]

In my experiance the person who loans the horse always pays for the insurance, you can have it written up in the loan contract that the horse must be insured to cover what you want it covered for.

It depends on what the horse will be doing, but basic insurance is vets fees, public liabilty, tack etc.

 

[scotsmare]

NFU will let you insure horse and for him to live with loaner

 

[MrsMozart]

Ditto SM. NFU nice like that

 

[f_s_]

I'm not sure about this but, isn't there something where if both parties insure it would be a double indemnity, and I'm not sure if that is allowed!

Could be wrong, any insurance experts let me know please!

 

[daisybe33]

Stonways insurance let you insure the horse but cover him on loan as long as you have the correct use

 

[chestnut cob]

I have experience of both sides of this as my Welshy is out on loan and I have an IDx on loan myself.

I do the insurance for my own horse, the Welshy. I just kept on his normal insurance and the loaners pay me back for it. My insurers didn't care that he was on loan! They have it on record who he is on loan with and where he is kept, but they really weren't bothered. I kept his insurance on as a friend of mine had a bad experience with her horse who was out on loan...the loaners sorted out insurance, horse went lame and they started a claim. They then sent the horse back when he was 6 weeks into treatment, cancelled the policy and she then couldn't get insurance as it was a pre-existing condition. So I would always keep the insurance on myself. Whether you ask your loaners to pay you back for the insurance is up to you. I had a mare on loan last year and the owner kept up the insurance, which I paid her back for.

The horse I have on loan wasn't insured when I got him so I have sorted out my own policy. I had to give the insurers full details of who owned him - name, address, phone number, email....

I insure with Amtrust Equine and they were fine about me keeping on the policy. They know the Welshy is out on loan.

 

[nobbster]

you can do the insurance as you'r are the legal owner of the horse petplan do this and can just add the loanee as auth but not essential, give them a call but most insurance should do this aswell

 

[NR99]

Hi

We have just taken on a loan horse and were going to get him insured. The loanee and I coincidentally insure with the same company KBIS, but we could not just transfer the horse from one of us to the other. He is a 13yo with a claim free history who is insured for loss of use, however for me to take on his insurance in my name we would have had to have him vetted and anything that came up would be an excusion on his policy. However the loanee is able to keep on the policy with us as keepers/riders and continue with her current cover so we have gone for this option and I will pay the loanee by SO one month in advance of each premium falling due.

Good luck hope it all works out well for you x

 

[tedster]

petplan will let you keep him insured under your name and you could add the loanee on for authourisation.