From: rmvale@watnow.uwaterloo.ca (Ruth Vale)
Newsgroups: rec.equestrian
Subject: Re: Leasing a Horse & Insurance
Date: 24 Jan 93 15:38:09 GMT
Organization: University of Waterloo

In article <727743455snz@panache.demon.co.uk> raph@panache.demon.co.uk writes:
>In article <2500@gandalf.intel.com> linda@linda.intel.com writes:
>
>>
>>Is it normal when you lease out a horse to require the lessee to carry 
>>insurance on the horse?  My girlfriend is planning on leasing her horse
>>and wants the lessee to carry insurance in case something awful happens
>>and the horse has to be put down, she could get reimbursed and would be able
>>to buy another horse.  We are told insurance on horse is tremendously
>>expensive.  Is this true.  Does anyone have experience with insuring
>>horses.  We are talking about a horse worth $2500-$3000.  Are there any
>>insurance companies out that specialize in horse insurance?  Who are they.
>>
>In Britain it is quite normal for even quite low-priced horses to be insured.
>The cover generally ahs options for partial or total loss of use; vet's fees
>etc. If you can't get a US company to cover your horse, seee whether a British
>company is prepared to give you cover. Look in the magazines for ads, or ask
>an insurance broker - assuming you have such creatures on your side of the 
>water.
>
>-- 
>--------------
>Raphael Mankin			Nil taurus excretum

Something that hasn't been said yet in this discussion is that one also
carries insurance for liability - if the horse does some damage or
injury, then the cost of compensation to the owner of damaged property
or damaged critter/person is also covered although this has a limit 
(can't remember just what).  I carry a standard equine
insurance policy for $110 Cdn annually, which includes $1,000,000 liability,
mortality reimbursement of $2000 (original cost of the mare was $900
in poor condition, with an endorsement from a qualified instructor, they
agreed to the higher value), tack insurance against theft/loss and
a death cost benefit up to $1500 in the event that veterinary attempts
to save a dying horse are unsuccessful.  I don't consider this expensive,
especially since I'm paying for liability on a horse that tends to
get just a little full of herself, on occasion. :-)

I can appreciate the value of liability insurance - my friend's horse
was chased into a fence by a more aggressive horse last July and last
I heard the vet bills were over $3200 and counting.  The owner of the
aggressive horse agreed at first to help out with the bills and if he
had come forth with even a little of it...well, he's moved away, vanished,
etc. and my friend has filed a court claim for half of it.  Messy.  Better,
I think, to carry liability insurance and deal up front.  Saves friendships.

I could also add colic surgery insurance (rather expensive) and trailer
insurance to the policy if I wanted it.

Ruth
and Springtwist
-- 
=============================================================================
  I know that you believe you understand what you think I said, but I am
    not sure you realize that what you understand is not what I meant.
=========================== rmvale@watnow.uwaterloo.ca ======================
Newsgroups: rec.equestrian