Loaning horses - who pays the insurance?

my friend has his horse out on loan, hes pays for the insurance but insists on riders insurance for the loanee that they have to pay as he previously had someone have his horse on loan who said they would pay insurance and failed to pay!
 
If I were loaning I would pay. Simply because should anything, god forbid, happen to the horse then I should be the one that receives any insurance money not the loanee.
 
I have a BHS loan agreement and as the loaner (as opposed to the loanee or owner) pay all insurance to a value specified by my horses owner.
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ETS Insurance companies will do special insurance packages for horses on loan so the owner would receive payment if the horse died but the loaner is covered for vets fees, personal liability etc.
 
Mine is going up for loan and I am planning to keep the insurance on myself, but I will want the loaners to pay a standing order into my account every month to cover it. This way I know it's still being paid. I will have their names added to the insurance.
 
I loan out my mare and I pay the insurance for her myself. I need to have the peace of mind knowing that she's covered. After all, the loaner can hand you back a broken horse that you'll need to deal with! I'm such a control freak.......
 
I've just loaned my mare out and i pay the premium still but the loaner pays a monthly amount by standing order into my account to cover the costs.That way i know it's being payed but i'm not the actual one paying it,if you know what i mean!
 
I loaned out a horse and the loaners were meant to insure the horse, they didnt and the horses tendon went and I had to give him away in the end and lost lots of money.

I did have a written agreement, but at the end of the day they arnt worth the paper.
 
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