loaning a pony out...a few questions

[JJones]

I will be looking to loan out one of my ponies. Hes been professionally backed and still at trainers.
Never having loaned one out before i want to make sure i get everything covered. I know the BHS do the loan agreement which you can adapt, but what exactly should i expect of the loaner.

Should they take out and show proof of insurance to cover vets fees and death etc?

Presumably they are responsible for all vets fees whilst in their care? routine jabs and unexpected illnesses?
He will be going with his tack, do i take photos of the condition of it etc, are they expected to return rugs in same condition or replaced if he's returned? or do you make allowances as tack and equipment deteriorates with age?
What else should i make sure is covered?
Any other advice appreciated.

 

[Tern]

Yes, I have loaned my boy for 5 years, we pay for everything. Any rugs he has destroyed are replaced if it deteriorates with age then that is different. Make a list of what he goes with (including silly things like what bit) and if he ever returns then you can check your list.

 

[catroo]

Should they take out and show proof of insurance to cover vets fees and death

I would suggest they take out insurance for vet fees and you keep him insured for death, just explain to the insurance company he's on loan. If they are paying the insurance they feel that at least part of any pay out is theirs.

 

[mytrotters]

I was always under the inpression loaner pays for everything if anything is broken, lost loaners replaces if they dont like the idea of that they should use their own tack & rugs, always check insurance in covered but then again they could just cancel after showing you so always a risk, loan agreement, check on him/her regulay i hear lot horrier stories & always think why an earth owner would not check on horse/pony i dont know, they pay farrier, injections, worming etc.. pretty much loaner pays for everything, yes i would make a detailed list & photos, i know exsteme but they do have your horse/pony & you have to be so careful these days people are so decieving, good luck xx
Ps also get refs from either prev owners they have loaned from or their yard owners

 

[Orangehorse]

You pay the insurance, it is still your pony and then you know it has been paid. There have been cases where the person loaning the pony didn't bother and then wasn't covered. You would be out of pocket if the worst happened and the pony died.
The person loaning the pony is responsible for all normal costs of keeping, including vets fees, so it could be argued that you cover for death and they cover for vet's fees. Insurance companies seem very relaxed about loans, so long as they know what the arrangement is.

Make a list of equipment, it is so easy to forget who owns what, not sure if photos are essential, I suppose it makes a good record.

The BHS loan agreement is a good basis to start with, and you need a clause where you have the right to fetch the pony immediately if the agreement is being broken. I would rather loan a pony to someone's home, it is obviously much harder for them to move it, rather than loaned to a livery yard - which is how ponies on loan "disapear." Yes, there are horror stories, but I have had ponies on loan, and loaned a horse and a pony out, and all the arrangements worked very well and successfully for both parties, so there are plenty of good news stories as well.