Insurance on a pony going on loan ?

[Gingerwitch]

Ok - just want 3rd pary fire and theft so to speak - who is best for coverage and who takes the insurance out - me or the loaner. Currently all mine are covered by my BHS Gold membership - but does that change if he is out on loan?

 

[NariNags]

When I took my boy out on loan I took out fully comprehensive insurance through kbis myself as I wanted my.bum covered. It was also part of the contract. However depends on you as whether you do it or your loanee

 

[Roasted Chestnuts]

My boy is insured through KBIS for third party theft and injury only up to £3k per incident. Veteran insurance and it's £21 per month. He is on loan and I have the insurance and I'm happy to pay it so as I know he is covered.

All they ask for is a copy of the loan agreement.

 

[Marydoll]

Before i agreed to take my loan horse i insisted on LOU being added beforehand as our loan agreement stated if he became unsound for any more than 3 weeks he went back as i wasnt keeping an unsound horse, this horse was being competed xc and worth decent money so i paid the extra premium for this, owner paid base insurance, but it made me feel better if the worst should happen under my care, owner would have " something" rather than just a broken horse back

 

[Sussexbythesea]

Definitely have your own insurance. BHS Gold is OK for your third party liability including if your loaner sues you for any reason but nothing else. I don't think you can insure for theft or loss of something that isn't yours so that would again be something you would need to insure for being the owner. Are you having vets fees covered? Again I would insure as the owner and not rely on the loaner who can just return if things go wrong. I would also have an agreement over who pays any excess and in what circumstances. In addition I would speak to your insurer to make sure you are covered if your horse is on loan. I guess the loaner should have at least their own public liability insurance and personal accident in event they had an accident where they were liable.

 

[Darremi]

Ok - just want 3rd pary fire and theft so to speak - who is best for coverage and who takes the insurance out - me or the loaner. Currently all mine are covered by my BHS Gold membership - but does that change if he is out on loan?

You need to check with the BHS insurer as they may well have an exclusion where the horse is no longer in your care. You are under a duty of disclosure in any event.

 

[Gazen]

In addition to my own horse we also have a pony on loan. The owner maintains the full insurance, including vet fees, for the pony and we have insurance which covers us for, among other things, 3rd party liability and 'emergency' vet fees. Both insurance companies are aware of the agreement. This is all stipulated in the loan contract.