Loans and vets fees and routine costs - whom pays?

Gingerwitch

Gingerwitch

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As above - what do you agree to do ? and what happens if the vet is not called when treatment is needed and whom pays the insurance to make sure that the horses cover is contiuous etc?
 
I have loaned and been the loaner. In both cases who ever owned the horse paid the insurance and whoever loaned the horse paid the vet fees.

But you can work the contract however you like. As long as both parties agree and sign I think it is entirely up to the situation :)
 
loaned a horse out and had one on loan, each time the person who has the horse pays for everything, prove to the owner the insurance is taken out.

the person loaning should pay for everything as if it was their own horse, the only thing they haven't paid for is the actual horse. obviously you can word a contract to whatever suits all concerned though.
 
I currently loan one - owner has kept the insurance policy going under their name, I pay the premium into owners bank account by monthly standing order.

As a loaner I am also responsible for all routine vets bills, and any excess on insurance claims.

The only caveat to that would be if the horse had a pre-existing medical condition prior to start if loan (mine doesn't) in that case I would expect the owner to cover bulk of that cost depending on the circumstances
 
'back in the day' it tended to be whoever loaned the horse met all of the costs

Nowadays it seems a bit more complicated with other options being used

If I was loaning out a horse I would pay the insurance but ask the loaner to pay any excess. That way it's in their interest to look after the horse properly and meet any small bills themselves and I would know whatever happened my horse would get vet care even if it all went belly up and they ended up back with me

I wouldn't trust a loaner to get and then keep paying insurance as it's something that could be dropped if money was tight
 
If I was loaning out a 12hh kids pony then yes I would have them insured - mostly so that if there was a problem the owner wasn't handed back an uninsured broken pony with a big vets bill to pick up .... ALWAYS insure under owners name, whether the loaner pays premiums is up to the two parties to decide
 
Crimbowitch said:
Would you insure a 12hh kids pony?
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Yes, it doesn't matter what the size the animal is, the cost of treatment is virtually the same.

Additionally regarding who pays for the insurance, to be on the safe side if I was the owner of the loan pony I would pay for the insurance to ensure that insurance was in place. People can take out insurance, show you the certificate & then cancel the insurance. You will only know this has happened when the horse/pony is injured & the loaner sends the poor thing back (Worst scenario I know)

The loaner would then be responsible for vet bills that occur under the insurance excess.

Loaner would be responsible for worming, shoes etc as well.

All this to be covered in the loan argeement.
 
Loaners pay for all costs of the horse/pony. As someone else said I wouldn't rely on ins being kept up, so as the owner I would arrange it and loanee would pay me back the premiums.
Sharing or part loan is completely different and would require both parties to agree terms.
 
crimbowhich
our 11.2hh child's pony us insured.
He may not do as much as my horse but he could still get seriously ill or have an accident.
We have him on loan.
Insurance is in owners name I pay her monthly by standing order.
plus I pay everything else.

I have the exact agreement for my own pony who is out on loan.
 
With the first ridden we loaned, owners payed insurance, however she was in her 20's & only insured 3rd party & external injuries. Agreement was I would pay vets fees for anything minor, however anything major or non accidental they would pay for. Normally I'd say loaner should contribute towards insurance for a longer loan, however she had many exclusions, laminitic & had sweet itch, & given her age if she'd have been diagnosed with cushings etc owners wouldn't have expected me to pay for treatment.
Poor pony sounds a right reject, to set the record straight she's an absolute star with her own waiting list for loaners despite her health issues.
 
blucanoo1990 said:
crimbowhich
our 11.2hh child's pony us insured.
He may not do as much as my horse but he could still get seriously ill or have an accident.
We have him on loan.
Insurance is in owners name I pay her monthly by standing order.
plus I pay everything else.

I have the exact agreement for my own pony who is out on loan.
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thanks i may ask for a copy of that !

Ow I am in a muddle of what to do - we are taking on this little welshie - we are buying him for a token fee - so he can be a companion to my others but to give the mite a job - he is a proper kids pony - loves attention and he is a bit fiesty so i know he will tell the kids off when they have jumped him once to much ! ... now these are not my kids but our ym is crying out for a small pony since the last one was retired last year - and as long as I dont have to work him everyday he may as well have a job to do - one little girl is desperate for a pony - her mum is a family friend of my hubby and she would rip my arm off to part loan him - and he will be on my yard.... so i dont quite know how to make sure he is ok and looked after and whom should pay what towards his keep.... whaterver if we dont get him off his current field and into some work he will be dead by the end of the month with lami - he is HUGE ! and I am worrying sick about him - but have been too ill to fetch him or organise things for him... and because he is out 24/7 and not really checked at the moment I dont see how i can ask them to put a muzzle on him....??
 
With everything you have on your plate could you maybe cut yourself out if the equation and let the YM or mum buy or loan the pony direct from the present owner promising the old owner you'd keep an eye in the situation
 
WelshD said:
With everything you have on your plate could you maybe cut yourself out if the equation and let the YM or mum buy or loan the pony direct from the present owner promising the old owner you'd keep an eye in the situation
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urmmm we have thought about this at length !......arghghghghhgghghghgh
 
Depends on the contract. I've known both the loaner and owner to take insurance responsibility and major medical bills (ie if horse was not going to be suitable for loan any more and was not caused by loan home). I've always known loaner to meet vet bills though.

Entirely dependant on contract and what owner and loaner have decided mutually.
 
CW. If you decide to buy and worry about muzzling etc then write into the contract about the care expected and the conditions you can intervene or terminate loan under. Or part loan?
 
Apologies if I caused offence I realise you have put thought in to this.

Sometimes it's worth pointing stuff out just in case. It could just be one extra hassle you don't need at the moment that's all x
 
PandorasJar said:
CW. If you decide to buy and worry about muzzling etc then write into the contract about the care expected and the conditions you can intervene or terminate loan under. Or part loan?
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Once we get him I have no issues about him being muzzled correctly the ym is brilliant at managing lamis... its this next week, whilst I am sorting out the logistics of getting him - I cannot drive for obvious reasons - (leg dont work) but for hubby to drive my pride and joy box with a small pony on ........ that's a big NO ! lol... I love that box, and as good as he is I know we will have a row about his driving with a pony on board - arghg
 
WelshD said:
Apologies if I caused offence I realise you have put thought in to this.

Sometimes it's worth pointing stuff out just in case. It could just be one extra hassle you don't need at the moment that's all x
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Not at all WelshD.... the arghghghhhgh - was the general situation at having your heart rule your head.... not at your question at all lol .... my hubby is just far too kind hearted too - so we are suckers for a sob story !

GW
x
 
Anyone you know and trust who could transport, or able to hire one? Sometimes it's worth paying the extra for peace of mind.
Or purchase and then pay a week full livery to include appropriate muzzling? (sorry don't know background).
 
PandorasJar said:
Anyone you know and trust who could transport, or able to hire one? Sometimes it's worth paying the extra for peace of mind.
Or purchase and then pay a week full livery to include appropriate muzzling? (sorry don't know background).
Click to expand...

He is in a huge field - he is kept an eye on to see if he is ok.... he is on his own in a massive very lush green field.... field has been sold.....so pony has to be re-homed.... hubby knows the owners son by shooting with him and because he knows how attached we get to our horses.... we were offered him when we lost the big lad.... then hubby brought the little girl to keep the little lad company as we wanted something that i could use.... she got strangles.... broke my leg badly when she landed on it..... pony still not homed.... they twisted our arm..... we said no..... they twisted again.... we went to see him.... i felt so sorry for the state of him - weight wise and feet - we said we would have him for 12 months on loan.... get him right and then re-home him... then hubby said if we were going to put the work in he would rather us OWN him - cheers hubby and the rest is history !
 
My understanding has always been that the loanee pays for everything bar the actual horse itself (which is what I did with my loan mare). It was written into the contract that I paid her insurance as well. However, in more complicated part loan/share situations, it must be something clearly defined, agreed and written down.

Your situation sounds as if it could get a bit complicated - I would agree that it might be better for the YO to take on the pony and you to promise to keep an eye??
 
Could you have multiple part loan ageements for the various people who could put him to good use. A clear set of rules, who is doing what on which days and muzzle requirements etc. A lesson with a safe kids pony for half an hour I guess must be £10 so you could ask for say £8 a day? The you can use the cash to keep him and sort out his medical issues.
I doesn't sound like your going to full loan for a year or so as you want to get him right first so some part loan/ sharers to help with the work/ costs in that first year might work.

As others have said loaners typically pay all costs, but as an owner of a horse on loan I keep the insurance in my name and the loaner pays me - and she pays the excess - to be sure she's not calling the vet every five mins!
Given his current potential medical issues will you be able to get the insurance cover you want? I guess at a very low purchase price the insurance co won't want a vetting but if you claim for lami type issues in the first few months will they pay up?

I'm sure you know but grassing is growing like it's spring here so the sooner you can get him off a big field probably the better - but I'm sure you know that! Is he close enough to be lead to yours?
 
I had one on loan and paid for everything. I also had to insure him for his full worth with loss of use as per owners request. Was very expensive :) but he was their horse and if I want to loan him the rules are down to them.
 
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