Horse insurance for a loan horse

[Trixie88]

Hi everyone

So I am hopefully going to be loaning a horse, I have ridden for yeard, worked in an event yard with racehorses etc but haven't got the initial sum to buy one yet. If I loan this horse, i may be able to buy her in a couple of years but will wait and see how we get on. So I'm looking at horse insurance but don't really want to pay through the roof, if i can help it. She is a 16hh2, 12 year old hanovarian mare who hasn't really done too much, mainly flatwork. I will use her for flatwork, jumping and hacking. The tack is 6 years old that will come with her, so not sure if I should insure that as it is kept in a secure tack room with the lock that is required. Also, some you need a vet certificate and would ideally like to avoid that if possible. Any advice would be appreciated. I am going to see her on Tuesday and if all goes well will be moving her nearer home the end of July.

Thanks in advance

 

[indie999]

Definitely insure the horse. You can do tack/loss of use as an extra thing on most insurance policies etc . If you want to pay out of pocket for health issues ie vets bills you could do BHS Gold which will cover you for public liability etc etc But not tack or vets etc

Its basically no difference to insuring a small car! Some will let you do monthly installments too.

When I bought my pony I insured it immediately after purchase in case he got ill or lame being transported etc.(As I didnt collect him for a week after).

But good idea especially if you may purchase the horse at least you have a clear idea of costs. Good luck

 

[daydreamer]

hi, i recently got a horse on loan and insured it for vets fees (up to £3000 i think) and public liability. I didn't need a vets certificate. It is KBIS. I think it is about £29 a month. Having had 2 vet calls out in 1 week I wish i had gone for a lower excess on the vets fees!

Also i would say don't underestimate how expensive loaning will be. So far (about 8 weeks in) it has cost me a small fortune and he keeps injuring himself so i haven't had much riding out of it!

Good luck.

 

[chestnut cob]

My boy is on loan. I have him insured with Amtrust Equine as though he was my own horse - have 5K vet fees cover, third party liability, death/theft/straying, hospitalisation and tack. The easiest way to keep the cost down is to increase your excess (mine is £135 but you can pay a % instead) and/or to have the horse itself insured for a low amount IME. I have mine insured for £500.

 

[Trixie88]

Thanks, i'll take all of those into account. Luckily i'm not so naive about the cost of horses after working with them for so long and have worked out that i will have enough to pay bills etc and have some spare left over to play with a little bit. Plus i am due a payrise in september too. Im not sure if the owner has her insured at the moment, I need to ask when I go and see her. I've looked after other peoples horses for a long time, I know this isn't my own horse, but it will be like my own. If that makes any sense!