Insurance for loan horses?

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GrumpyHero

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If full loaning a horse, would you pay for insurance for the horse yourself or would the owner?

Horse in question is only insured for public liability atm :)

thanks guys!
 
When I had my horse on 3 month trial before buying I had to have him insured as part of my loan contract. I think this is quite normal. It also protects you if any injuries occur.
 
Mine is loaned from a charity so might not be relevant ;) but I pay the insurance.
I think some owners would prefer to pay themselves so they know the policy is being kept up.
 
I don't mind paying it myself i was just wondering, as i'd want him covered for more than just PL if i take him.. best get looking at horse insurance quotes!
 
I've done both. It depends on what the owner wants to do. Sometimes they pay it to make sure horse is covered. If the owner is not bothered then the loaner can pay for it for peace of mind.
 
jess_ said:
I don't mind paying it myself i was just wondering, as i'd want him covered for more than just PL if i take him.. best get looking at horse insurance quotes!
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To be honest I had my heart set on buying the horse so would have had him insured anyway but I'm pretty sure it's on most loan contracts. I had to send a copy of my loan contract and all the owners details to the insurers because if anything terrible happens (PTS etc) they will be paying out to the owner not yourself but the insurance was obviously in my name. :)
 
When I loan any of mine out I always keep and pay the insurance in my name just so that I know they're covered properly and that if the worst happens, I don't lose everything (got bitten once by someone who said they'd do it and then didn't, won't risk that again.) I also look at it this way, yes, I'm paying the insurance but they're paying all the other costs for keeping that horse for me so it's saving me in the long run.

PS: I always tell the insurance company who has the horse and where it's kept too, never had a problem with KBIS doing it this way.
 
I think both! The owner needs to make sure they get the payout for death, theft etc, and a loaner needs to make sure they are covered for the things they are responsible for.
 
Usually the owner has a view, I (like Maesfen) like to actually insure myself so I know he's covered but the loaner pays the premiums to me and our loan contract makes it clear that I am responsible for vets fees above the insurance excess - if feel he needs more than he is insured for then I will pay.

I'd check your loan agreement and see who's responsible for what vets fees wise and then decide if you're responsible - whether you're happy to be uninsured.
 
I always believed that full loan meant you were respsonsible for everything to do with that horse. I know my 2 loan neddies, I paid for the insurance as it was in the contracts for both. :-)
 
I insure the horse I have on loan. It may be slightly different as she is insured as a vetran, but having her insure covers me, and any injury she has.

Her owner wasn't bothered if I insure her or not as she wasn't going have her insured when she stopped competing.

For me it is just peace of mind. But I am lucky with her owner and I know I could always go to her if (touch wood) anything ever happened and for any reason couldn't afford huge vets bills that weren't covered by my vetran insurance.

Check your loan contract, and if you can speak to the owner for clarification. It's money I don't mind paying as would rather have her insured whether the owner requested or not.
 
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