putting you horse out on loan - insurance question

dollymix

dollymix

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for anyone who has put their horses out on loan - or even better - someone who is legally minded! When you have put your horse out on loan, is it the owner or the loaner that pays for insurance?

I am about to let me mare go to another yard for around 5-6 months as a summer loan. She is currently insured with the NFU but I was wondering what was bets re insurance?
 
For my first loaner, NFU insisted I remained as the 'insurer' with the loaner named on the certificate, and the loaner took over the payment of the premium. For the second and current loan, my loaner arranged her own insurance with a different insurer, just needed my details, a copy of the loan agreement and passport.
 
My friend thats horse just came back from loan, she paid for the insurance because then she knew that it's there and it's being paid for so she didn't have a suprise vet bill or anything like that. Saying that, i've had a horse on loan and i paid for its insurance. So, whatever suits you better really. If you pay it, at least you know that your horse is insured and if anything happened it'll be covered by insurance.
 
I have one of mine loaned out at the moment and I pay insurance, loaner pays for everything else. I think thats quite normal but its really up to you. If its only for 5/6 months I wouldn't bother messing about and trying to change it.
 
thank for the advice everyone. It was as I expected....I have another on loan, but she is still kept at my yard so I've always kept hers going but wondered if it would be different as the other is being moved to another yard.

I shall give the NFU a ring this morning.... thanks again
 
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