Who on here has loaned a horse out???

[Vickijay]

Hi,

I have arranged to let another lovely HHO'er borrow/loan one of my yearlings to keep her old boy company for the winter or poss longer. Its a lovely situation as it really helps each of us out.

What kind of loan agreements do you have? Whats included? Obviously names, addresses, horse details and returning the horse details but are there other things?

Who does the insurance? When I had a loan horse about 12 years ago I insured it. If she chooses not to insure her what are the points that have to be added so that she doesnt give her back to me in a mess ie injured? (sorry liz lol) Or is that always a risk when you loan someone your horse? Can it be specified that she has to be insured?

Are there things I havent thought about that I need too??

Thanks in advance.

Vicki x

 

[archoak]

I have a lovely loaner, she has had our mare for 2 years this month

We did a BHS loan agreement from BHS website and we pay half the insurance each.

 

[Spot_the_Risk]

I loaned my gelding out years ago, I had a loan agreement drawn up by a solicitor (you couldn't get a BHS one back then) and paid the insurance, and still paid for shoes (no idea why). They paid all vet fees, worming etc.

 

[Adina]

I have used BHS loan agreement for an adult horse - its quite comprehensive. Make sure you agree who is responsible for Vet fees if it is returned with a "condition". Horses will be horses and with the best care in the world S**t happens. Vet fee insurance should solve this. If you both decide not to pay insurance, you need to be prepared to take back the animal if something goes wrong. The minimum you need is third party/ public liability.
I have had wonderul carers for Murdoch, who gave him a wonderul life after my daughter left for the States. Through nobody's fault he had a painful infection of the foot and he recently had to be put down because he was in so much pain.

R.I.P. Murdoch

 

[brightmount]

One of our horses is out on loan at the moment. I customised the sample loan agreement on the BHS website.

The loaner pays for shoes, worming, vets fees, rug repairs etc. They have their own land and stables otherwise they would also pay for livery. I pay the insurance and the policy remains in my name but the loaner refunds the premiums to my bank account (you have to let the insurance provider know the horse is on loan).

 

[MurphysMinder]

When we loaned our pony out I used BHS agreement, finely tuned to suit us. I listed every item of tack that went with her (she had a huge wardrobe, teenage daughters pony

) . I notified the insurers she was going on loan, and the loanees paid the premium whilst they had her. She was covered for vets fees but they paid for basic vet stuff (vaccinations etc) and any excess. The also paid all farrier charges.

 

[chestnut cob]

Me.

Don't let the horse go without insurance. The best thing to do is for you to take out insurance, or continue your own and have the loaner reimburse you for it. That's why I did when mine went, and what happened with the mare I had on loan. A friend of mine loaned a horse out and let loaner do their own insurance. They broke the horse, started vet treatment and then cancelled insurance and sent the horse back. She then had to fork out for £1000's to get the horse right and couldn't insure for any of it as it had a pre-existing condition. Never let horse go without insurance!

Use the BHS loan contract and amend it to suit your situation. You need to list any items of tack or rugs that you're sending with him, and that she must replace like for like if any are damaged or broken. You need a clause about horse not being sold on, not being PTS without your agreement, list what costs they are responsible for, and a clause saying that at no time is the loaner the owner of the horse.