Loans, insurance.

[Christmas_Kate]

If you loan a horse who pays the insurance? split into two categories... death and theft, then vets fees.

Purely out of interest. I've never heard of the owner paying FULL insurance before, usually the owner pays death and theft, and the loaner pays the rest. Or loaner pays all of it...

 

[Marnie]

My youngster is on loan and I have continued to pay the insurance - mainly because I wanted to make sure that she remained insured. I have informed the insurance company that she is on loan though.

Don't know if that is normal or not!!

 

[Tia]

When I loan horses out; for one, they never leave my property; and for two, I, as owner always pay full insurance for them. Never known any owner who does it any differently.

 

[Mid]

our loan pony's owner pays the full insurance.

 

[Foxford]

The owner should pay it. After all they are choosing to protect their investment in the horse. The loaner has nothing to lose really do they? Sorry that sounds harsh, but I have seen it happen I'm sorry to say. Horse died after a freak accident, owner hadn't informed the insurance company it had recently moved to loan home... Loss of a horse and bad news all round.

And as for loan agreements it's not just insurance owners pay for their loan horses. One of my friends had a 15hh welshie on loan at a yard near her. Owner paid for livery, hay, feed, bedding and insurance!!

 

[LauraBR]

In my experience the owner pays the insurance. I would definitely keep insuring my horse if I put him out on loan.

 

[Emma123]

I pay the insurance for peace of mind that he is covered properly and I informed the insurance company he is on loan

 

[Merlotmonster]

Owner should pay. Technically, the loaner doesnt have 'insurable interest'. The owner does and is the only one who can insure his property.

Otherwise, I could insure anything that didnt belong to me and cash in if it died.

 

[Selkie]

When I had one on loan the owner paid the insurance and I paid her

 

[Fiona_C]

When I had T on loan, it was written into the contract that I paid for his insurance.

 

[chestnut cob]

My loaners pay for all of it - I pay every month and then they have a standing order to pay me back. Same for the horse I have on loan - I pay it all.

 

[yellowpony]

I have also continued to insure my horses when they have been loaned out (having informed the insurer of their new location), purely for my own peace of mind.

 

[aimeerose]

My mares loaner pays the insurance - but its in the contract that the mare is insured and for thieft, death and vets fees

When I loaned out ponies in the past insurance was always my (or my mums) responsibility.