what happens to a horse's insurance when it's sold?

With nfu they refunded me a proportion of the year. New owners take out a new policy, but only certain things are covered for the 1st 14 days so I kept my policy going for 2 weeks after sale & they didn't amend passport for 2 weeks.
 
New owner should insure before collecting/ transporting. Numerous stories of horses I've known trip coming off the lorry having just been purchased and done a nasty injury that wasn't insured!!
 
I always take out insurance before organising collection of new horse and when I sold my last mare I gave my insurers a months notice so new owners were covered for a while after sale just incase they hadn't insured as promised before collection
 
Totally up to buyer & seller!
- If buyer wishes to insure they may look around & take insurance out elsewhere, in which case seller just cancels their policy.
- Buyer may wish not to insure, again seller cancels their policy
- Buyer wishes to take over sellers insurance. This will depend upon the insurer, and the buyer needs to be happy to have the same cover as the seller held & so may find it easier to just re-insure the horse with the same company on a separate policy or they may be happy with the cover seller has & seller needs to call insurer to authorise buyer to take insurance over then buyer calls up & has it transferred over. Once transferred to buyer seller does need to call to cancel their original policy. Or certainly this is my experience of it, may not be the same for all companies!
 
When I sold my mare the new owners took out their own insurance a week before collecting her, I let my policy run the extra week until their own policy was effective then cancelled it.
 
chaps89 said:
Just a warning - this doesn't work with NFU. Despite them saying that they would do it.

I bought a 16 yo pony who had been insured with them for 8 years with no claims by the seller. Before purchase I called NFU as I was concerned about getting full insurance on a new policy because of his age and asked about taking over his policy, they told me that was fine. However, when I went to do this they said it wan't possible and denied that any of their staff would have said it but offered me a veteran policy with reduced cover at a ridiculous price!

Luckily a year or so later PetPlan started a policy that allowed full cover on a new policy as long as a horse was under 21 at time of purchase - cover continues until 25yo. Plus, when I had to claim they were really helpful and paid up happily. Oh and the policy cost less than my other horse with NFU who was much younger and also had no claims...

Needless to say I no longer insure anything with NFU - at one point I had horse, trailer, car and house insurance with them :rolleyes:
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