Hi. Yippee! We have found a loan pony for my daughter. However....The owner first told us that he was 15, then 17 and now transpires as she sends all the info through that he is 18. She said that she wanted him insured for £5000. A person I spoke to at the weekend, who has seen him said prob not worth half that with no disrespect to the pony but...
I have rung a couple of companies.NFU said that their insurance wouldnt be suitable for us as they would only put his value at £500.
Scottish equestrian said not worth £5000 but maybe £1500 so I got a quote from them but NO illness insurance due to age, only injury, for up to£4000 vet fees, excess of £500, and non vet fees for transport to hosp and livery whilst there with £500 excess across the year. This would cost me without personal accident insurance £193.48 a year, and with personal insurance £199.36 a year. So it would make sense to go with the latter.
If the policy had been taken out with them since he was 16 and the policy was unbroken then they could probably just do a transfer of names, and be insured for illness also. I have checked with owner and she checked with previous loaner and his insurance finished when she handed him back to the owner on 30 jan this year.
What do I do now? Do I just insure him for injury only? What happens if he gets sick? The owner has said he has had no illness throughout his life and dental checked each year, no problems. Am I liable for all vet fees through illness? Is the owner trying to pull the wool over my eyes as she knows I am 'green' when it comes to horses? Thank you all so much. I truly value your opinions and advice.