OldNag
Wasting my time successfully....
Would you be happy if you loaned out a horse, maybe you couldn't bare to part with it etc; the loaner insures it because for some reason you are unable to contribute financially; something happens and the horse is lost?
Not only have you lost any monetary value of your horse but the person that could have caused the loss goes and pockets the money for it.
As I said before; if they deducted their premiums paid and gave the reminder to the owner it would go some way towards recompense for the loss of the horse it wouldn't be so bad but to solely benefit from their loss is very underhand IMO.
We lost a pony who we had on loan. I was insuring her and the insurers (eventually) paid out for her death. I paid this on to her owner.