Loaners/Loanees - quick question?

[bex1984]

If you loan out a horse on a full loan, with a standard contract, who normally pays for the insurance, and what happens about vets fees?

 

[Boxers]

I have a horse in full loan. His owner did not have him insured, but i have him fully insured, i pay for his vaccinations too. He was not vaccinated before i got him. I have had him for three years now.

Basically i pay for everything as if he were my own horse.

I know this isn't the case for everyone. For instance if an owner already had insurance in place, then they may continue it on and the person loaning would not have to take out nsurance.

 

[MrsElle]

When I have had full loan of a horse in the past I have paid everything.

 

[sazzle44]

I think it depends your own agreement. The owners of my old pony paid insurance and they paid routine fees and we shared anything unexpected for injuries etc. It worked quite well like that but it might not work for others like that.

 

[bex1984]

I know this isn't the case for everyone. For instance if an owner already had insurance in place, then they may continue it on and the person loaning would not have to take out nsurance.

This is what is confusing me! If the owner already has insurance and carries it on, presumably they have to notify the insurance co that they're loaning the horse out and this might affect the cover??

Has anyone done this - loaned out and kept paying the insurance?

 

[TrixieVixsie]

I have a pony on loan from a sanctuary. Though the sanctuary did not insure the pony themselves, they said that if I wished to insure her I could. I have done this but should something (god forbid) happen to her, then the payout will go to the sanctuary as a donation as they are the owners of the pony.

Hope it helps x

 

[Grey_Eventer]

Our old mare is out on loan. The loanee pays for insurance as it was her choice as we did not insist that the horse was insured (polo pony +sarcoids= more than life time vets bills!). Regarding vets fees, routine such as jabs etc. she pays for, however if the horse was to ever need surgery or ongoing treatment we would pay, however if it was going to affect her ridden work we would have her back.

 

[Holzdweaver]

My Boy is on permanent loan to me, but the owner pays the insurance and vets bills. Only reason for this, is that i am £5000 in debt due to vets bills with my old mare as the insurance wouldnt pay out. The deal at the time as she couldnt even lead him to the field, is that i took him on and paid the ongoing feed/bedding costs etc but she would continue paying just the insurance and vets bills. Unexpected 'injury' vets bills i put as much towards it as i can though.

I did know the lady and the horse for quite a while though and have schooled her horses for nothing etc

 

[Goldenstar]

This is what is confusing me! If the owner already has insurance and carries it on, presumably they have to notify the insurance co that they're loaning the horse out and this might affect the cover??

Has anyone done this - loaned out and kept paying the insurance?

When we had one on loan the owner paid insurance And just had to let the company know and the address of where he was to be kept

 

[Abbeygale]

When my girl was out on loan, I split the insurance costs with my loaner - it was in. Oth our interests that she was insured, so I thought that was the fairest thing to do

 

[Chestnutmare]

My boys owner still pays for his insurance - his decision I however pay for everything else incl vet fees and jabs.

 

[susie2193]

I have a horse on long term loan and pay everything including insurance. He wasn't insured by his owner and she only asked that I insure him 3rd party as if anything happened as the owner she would be liable. She has 3rd party insurance as part of her business. For my own peace of mind I have insured him for vets fees and a minimal value.

 

[baileymoo]

I pay the insurance for my horse that is out on loan, the loanee's pay vets bills/jabs/everything else. Its for peace of mind more than anything else, i KNOW my horse is insured and am in charge of what is claimed for etc.

 

[RunRunReindeer]

I loan out a pony but have continued to pay his insurance - my choice to make sure he is covered - the loaner pays everything else - I just let the ins co. know his change of circumstances - premiums weren't affected.

 

[Bikerchickone]

I've always paid the insurance for my horses whether they've been on loan to me or loaned out by me. It's a personal preference because I would much rather be certain that my horse(s) are insured. It's one of my little OCD fetishes lol!

 

[PoniesRock]

I have a pony on full loan and have done for 4 years. I've always paid her insurance and I now pay her vaccinations, I didn't to start with but I treat her as if she's owned by me, I've got no intentions of giving her up. So I pay for everything like she was mine.