Trial period and Insurance?

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minerva

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I have found a horse i like and the owner is happy for me to have him for a couple of weeks, but she doent have him insured and i have called my insurance company and they wont cover for two weeks?
I have BHS Gold membership which covers me to ride other horses and public liability but i am worried about vets fees and other horsey probelems for the two weeks ( i know how quickly these can come on) has anyone any advice on how to get the horse covered? anyone done this?
Thanks
xx
 
Insurers cover for a year and the first 14 days excludes any illness cover anway.
How sure are you that you really like him and if nothing unexpected happens during the trial, you'd be keeping him and insuring him?
 
how about putting off getting him for a few weeks, insure him in the meantime, paying monthly, then after the 2 week cooling off period has passed on the insurance cover, getting the horse and see how you get on? You can always cancel the insurance if you decide not to have him and that way you've only paid the premiums for the actual loan period. Would you be able to play with the horse at the current owner's yard while you wait for the insurance to kick on, or play with him there and if you decide you do want to try him at home, then sort out insurance, wait a couple of weeks and then bring home? You can get quotes online for horses your own but I've never looked into covering a horse on loan so can't be helpful there I'm afraid.
 
I am very surprised the owner doesn't have insurance for the horse - that seems madness to me! If she did it would make things a whole lot easier as the policy could just be extended to cover you. Most insurers only offer annual cover and many are likely to penalise you if you cancel that policy within the first few months of cover (ie you will maybe get charged at a percentage rate as opposed to just paying for the time you have had the horse on cover). However, it is correct that practically all insurance companies will have a 14 day exclusion period for illness or disease from the date the policy is incepted. However, are you concerned about illness or about injury? Most i would think should cover Vets Fees and death (by injury) immediately so have a look into this.

Am not sure if a good idea for you to insure the horse 2 weeks before you get it so that the 14 day exclusion period is over once the horse is in your care. If something were to happen over that time then there would be questions over insurable interest (ie you wouldn't have any) as it wasn't on loan to you or in your care then. Also it means you are paying more money out as if you cancel after 4 weeks of cover you will lose more cash.
 
I had this in the past, and insured the pony on trial with NFU. I ended up cancelling the policy as he failed the vetting, but they knew the circumstances from the beginning as I wasn't prepared for him to come until he was insured. I had no problem cancelling the policy and i subsequently insured the pony we bought with them. I'd try them.
 
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