who insures horse when out on loan

[joannemarson]

Iv currently got 2 of my ponies up for loan but iv never loaned one before. I was just wondering who actually insures them when they are out on loan? If its me then what happens with vet bills if they are in someone elses name if its me that claims it? And if its the loaner that insures then what happens if the horse dies? who would it be paid to if its me that actually owns the horse (morbid i know but i need to find out these things!!)

 

[chestnut cob]

I have kept the insurance on in my name for my pony who is out on loan. Loaners pay me back every month. The policy is in my name, insurers know he is out on loan, who he is with and where he is kept.

They are responsible for vet bills, or for the excess anyway. They tell me as soon as anything is wrong, I tell the insurance company and if it is going to be a claim, I would have them send me a claim form. If I can get the insurance co to pay the vet directly then I would do that, if not they would pay me and I'll reimburse loaners.

If the horse dies I would get the money because I have kept on the insurance.

If I were you I would keep on the insurance yourself and get the loaners to pay you back for it.

 

[jesterfaerie]

I had one of mine on 'loan' for a few weeks before buying him, he was kept under the owners insurance.

 

[Pinkwellies2]

When we had a pony for my daughter on loan, we took out insurance in our name, it was only for vet bills, liability etc, wouldn't have got anything if he had been put to sleep. Honestly can't remember if his owner had him insured or not.

My mare is out on loan to a stud as a surrogate. I have kept up basic insurance on her, mainly for vet cover, stud only treat vets fees up to £800.
My insurance company are aware of this, had to give them details of where she is kept etc.

 

[Molineux]

I have a horse on loan and I pay for everything... Insurance I did my self through my own Insurance company and if anything happens I pay out for it.

The owner told me how much to insure him for and thats what I did

 

[Lolo]

We usually insure the pony ourselves because when you hand over the pony it becomes the pony's loan owner's responsibility. That's what my mum goes by, but we always insure for the amount specified by the owner.

 

[Twinkletoes]

[ QUOTE ]
I have kept the insurance on in my name for my pony who is out on loan. Loaners pay me back every month. The policy is in my name, insurers know he is out on loan, who he is with and where he is kept.

They are responsible for vet bills, or for the excess anyway. They tell me as soon as anything is wrong, I tell the insurance company and if it is going to be a claim, I would have them send me a claim form. If I can get the insurance co to pay the vet directly then I would do that, if not they would pay me and I'll reimburse loaners.

If the horse dies I would get the money because I have kept on the insurance.

If I were you I would keep on the insurance yourself and get the loaners to pay you back for it.

[/ QUOTE ]

I do the same for one of my geldings who is out on lease. Has worked great for us, 3yrs on and still no glitches touch wood. Good luck. We use NFU btw.