Often you will be asked to sign a waiver at shows or other horse-related events. According to legal experts, the waivers generally hold up in court unless there are extraordinary circumstances, such as a stable putting a novice rider on a known problem horse. Most insurance companies recommend an umbrella liability policy, which is the most economical way to raise your overall liability protection. When considering a personal umbrella policy, also consider placing your car, homeowner's or farmowner's policy with the same company. This helps to coordinate coverages and can be less expensive.
Most insurers offer discounts to policyholders with more than one coverage.
Umbrella coverage will support legal costs you may incur, and because of an umbrella policy's higher limits, you're less likely to suffer loss of personal assets. This article was published Summer 1997. Visit our Contact Us page.