Who pays for what with a full loan?

[SNORKEY]

Hi, I was going to put my horse on part loan but a good friend has a friend who'd possibly like him on full loan.
If I go ahead with it, does she pay for insurance, jabs and any vet bills?
I expect her to pay for all his normal keep as he'l be on her yard, like shoes and feed, etc.
I've never loaned a horse out before so I have no idea what to expect.

 

[Solo1]

From my experience, loanee pays for everything as if horse were own horse, just not the actual horse purchase price as horse still belongs to owner. Was the case for me anyway!

 

[galaxy]

Keep the insurane in YOUR name and get her to pay it to you if you want. It is very important you do this as if he had to be PTS you should be the one to get the payout or if he was injured and she returned him you need the insurance running to be able to claim.

She should pay for any other bill

 

[mandwhy]

That is a good question and one I have been meaning to ask. I think its pretty much whatever you have in the contract but would like to know what is normal with vet bills etc!

 

[Dustygirl]

I pay everything for the horse I have on loan. Owner has kept insurance in her name and I transfer the premium to her each month. We have agreed to go halves on vet bills for an existing condition should he need further treatment, anything else is down to me.

 

[zaminda]

When I had my pony on loan,we insured him, and paid all bills. He has been out on loan several times since, sometimes I have insured him, and paid for it, others they have insured him and paid for it. I don't insure mine other than liability, so they deal with that. They are also expected to pay any other vets bills, jabs etc, and the excess if required.

 

[benson21]

I had benson on full loan, and I paid for everything. Insurance, shoes, vet bills, everything. Lucky really, the ony contact with them was when I phoned them, they never came to see him, until I said I wanted to retire him. but it suited us all.

 

[Holzdweaver]

I have a horse on full loan and i pay for everything except his insurance and yearly vets fees (this was agreed before i took him on) any accidents though i will pay the vets fees/excess.

All day to day fees though are paid by me as though he was my own.

 

[SNORKEY]

Ok thanks, I like the idea of keeping the insurance in my name, just worried about getting the money from the loaner.
Also can I keep hold of his passport etc? I don't want him going missing whilst out on loan, you hear lots of horror stories. He'd only be kept 15 mins up the road so I could take them to any vets appointments etc.

 

[starryeyed]

Legally the passport belongs to the horse, not the owner - so it should go with him. Moneywise, when I full loaned a horse I paid for absolutely everything (all tack, rugs, vets bills, physio visits etc) and owner couldn't care less! I insured her myself too.

 

[SNORKEY]

I'd be wary handing his passport over, should I have a legal contract drawn up?

 

[jaijai]

Without his passport they would not not be able to legally travel him anywhere I believe. I am sure there will be someone on here who can give a definite answer to this.
At the end of the day I think if they were going to steal/sell him I imagine they would find a way to do it with or without his passport.
Good luck with the loan, hope all goes well.

 

[Dustygirl]

The passport needs to go with the horse.

Yes draw up a contract, we used the BHS one as a place to start and then adapted it to suit. I'm lucky the person I'm loaning from is a good friend, so the contract is there really to just protect our friendship - its all in black and white.

 

[SNORKEY]

This Is a friend of a friend and they may also be looking to buy him. So fingers crossed it all works out.

 

[Maesfen]

Keep the insurane in YOUR name and get her to pay it to you if you want. It is very important you do this as if he had to be PTS you should be the one to get the payout or if he was injured and she returned him you need the insurance running to be able to claim.

She should pay for any other bill

This definitely.

 

[Maesfen]

Ok thanks, I like the idea of keeping the insurance in my name, just worried about getting the money from the loaner.
Also can I keep hold of his passport etc? I don't want him going missing whilst out on loan, you hear lots of horror stories. He'd only be kept 15 mins up the road so I could take them to any vets appointments etc.

Pencil in the date and your signature on every page in the passport which has anything vital on it (horse details, owner details, vaccinations, other registrations etc.) then make a copy of it so that you have a record of it if it should get lost but unfortunately, the passport should go with the horse. Also make a point of telling whoever issued the passport that he is out on loan only and they are not to alter anything unless they have your absolute authority. Also tell your insurance company the same. Make sure you cover all the bases and get a decent contract drawn up (BHS do one you can alter to suit you both) which both of you plus witness sign and you each keep a copy; include in it every item that goes with the horse, preferably take pictures too of the horse and include them for identification purposes.

 

[Daytona]

When I loaned my horse I paid the insurance.

 

[Waltzing Matilda]

Loanees usually pay everything but also thing good idea to keep insurance in ur name.

I suppose it depends what suits the 2 of u and hoe much u want this person to have him over anyone else. I tried to loan my horse once and ifnu had found right person I'd have paid toward stuff so i knew horse was happy.

When inhale loaned in.past people have paid vets fees for existing conditions or feed if specialist diet. I tried to send a horse back once cos I was made redundant and owner couldn't have it unpaid its livery and I looked after it and paid for feed etc until we rehomed it about 3 months later!!

My friend is getting one on loan this weekend. They r transporting it. Paying for insurance and are buying rubber matting for its stable! She can also have its year supply of hay if we can collect it!

 

[CL66]

I paid everything except insurance. I paid all vet bills though and took the hit on the excess. It was through a friend, if it were a stranger I would probably expect to pay for insurance too

 

[angellauren]

My pony is out on full loan at the moment and they pay for everything apart from his insurance. The only vet treatment he's had since they got him was his annual vaccination last month which they've paid for. He is pretty cheap to keep!

 

[debsg]

I have recently begun to loan a lovely PBA mare to do endurance with. Her owner pays the insurance, I pay for everything else.

 

[Chestnutmare]

I pay EVERYTHING for my boy insurance is in my name now (only cos I am buying him).
I pay daily bills, vet bills incl jabs (just paid) shoes you name it I pay it.

Horses I have had before on loan though the owners have kept insurance going and paid for it themselves.

I also do NOT hold his passport I have a copy of it, his owner has kept hold of it, I needed it for his jabs so it was brought all the to my yard and taken back again.

Soon as I buy him that's when I will get it fully, does make life quite hard too esp as I want to take him out and about next spring.

Oh and a contract signed up too with EVERYTHING covered incl all small details, items the lot never can be too careful.

Best of luck, it can work out well too having loaners not all are horror stories

 

[Georgie-]

I loaned a horse for about 3 years and paid for everything!

As stated in previous posts she was my horse only without the initial lump sum pay out!

Even the smallest vets bills, farrier, tack replacement, everything!!

I also had the passport in case I ever needed the vet or to contact the insurance company. Also insurance was in my name but I could see now why you might want it to be in your name in case the unthinkable happened.


xx

 

[bella127]

Usually, the loaner will pay for everything.

I've got a bit of a unique one with my boy as I pay his insurance still, and his livery - but loaner meets all other costs This is because she has him as a massive favour to me.

 

[Emma86]

I currently have a mare on full loan. The owner and I have a contract that states who pays for what (very clearly!).
Basically, I pay everything, livery, feed, shoes, vaccinations, dentist, worming, etc etc.
With regards to vet bills the contract states that I pay for any injury etc while she is in my care and the owner is responsible for any pre existing conditions. I insure her but as she is a Vetran the insurance is mainly to cover what I would have to pay.
With regards to her tack etc, this again is written in the contract...Wear and tear is acceptable. I have bought her new rugs, some replacing her old ones and some that I will keep when she returns to her owner for retirement.
I have her passport so I can travel her and for her jabs.

Her owner has moved abroad so she is titally mine to do as I wish apart from a couple of things, again listed in the contract. I keep her owner updated on how she is and I use Facebook to share pictures etc.

I am lucky as her owner is lovely, and very laid back. It must take an awful lot of trust to put your horse out on loan to someone, especially when you are not around. Unfortunately there are some people out there who give us honest and grateful Loanee's a bad name.

If it is a friend of yours then hopefully this will work well. You both just need to keep a balance between the your involvement etc with the horse, and her responsibility. If your friend is paying for a full loan then you need to remember this, and the same from your friends part, she must respect the fact she doesnt own this horse but it is her responsibility to ensure you are happy with the way she is keeping the horse. As long as this is clear, and boundaries and 'do's and dont's' are in place there is no reason loaning your horse isnt a great result for you and your friend.

Good luck

 

[OWLIE185]

Unfortunately however plausable the people loaning a horse are many horses on loan completely dissapear never to be seen again. (As do the people loaning the horse).
It is therefore important to ask to see the original passport, driving licence and rates bill of anyone loaning your horse and to photocopy them. Also get a loan agreement drawn up and get it checked out by a specialist equine solicitor.
The passport always stays wyh the horse but photocopy it so that you have a copy.

 

[MiJodsR2BlinkinTite]

I loaned my boy out last year and I made sure the insurance was in my name (as others have said). IF there's an issue about ownership, then to have the insurance in the owner's name is a good idea; also if any accident etc to the horse then the owner is paid and not the loaner.

The loaner paid for everything else in connection with keeping him - the only problem was that the loan only lasted for a short five weeks; then she basically realised how much keeping a horse was costing her and she said she could afford it anymore. It turned out that she hadn't paid a penny for his feed, keep, shoes or livery since the day she had him So "owner" was NOT a happy bunny!! Anyway he's back with me now and I won't loan him out again.

I've also got a mare on loan at the moment and her owner pays for the insurance, whilst I pay for everything else including annual vacs/teeth, physio, shoes, feed etc etc., exactly the same as if she were my own. She came supplied with a saddle and bridle and if anything needs replacing/repairing then I would take responsibility for that.

Just a word of advice: if loaning your horse out I personally would make blimmin sure they're as safe as can be by freezemarking BEFORE they go on loan. OK so it may displease the eye somewhat, BUT if by doing so the horse is kept safe in the loan home, then I say go for it. IMO microchipping isn't the same visible deterrent.

Also take photographs of you the owner with the horse; and make sure they're signed and dated, and even better get a friend or whatever to sign and date on the back of the photo that you are the owner. Keep all old vets bills made out in your name, and stuff like that - then IF ownership of the horse is questioned you've got some written back-up.

 

[NariNags]

i have my boy on full loan and i pay for everything including insurance. Also there was a pretty comprehensive loan agreement that covered everything including the right to buy. The reason i pay insurance is that he came to me uninsured and the owner left it up to me to insure or not, and being that my last horse cost me near to 2.5 K to treat when his legs went wrong i wasnt going to go through that again (and yes old boy was insured.
Also i have part loaned out my kids pony to a very nice kid who treats him as her own and pays me X per week ,

 

[MHOL]

Make sure you notify the passport office, freezemark company AND the microchip company that your horse is on loan and no details are to be changed, friend or not.

 

[Carrots&Mints]

My horse is on full loan to me... I pay everything BUT the insurance. Just the way it's been