It's that time of year again when I have to look at my insurance policies and decide whether to renew as-is or make some changes.
My question to you all is how do you have your private barn insured? Assume that it's on the same property as your residence and does not take in boarders / other riders. Have you supplemented your home owner's with an outside equine insurance company or ....? What kind of liability do you have? Anything else?
"Whether you think you can or think you can't, you are right." -Henry Ford
An issue which is easy to overlook is fire call coverage. If
you live in an area where the fire department charges for
coming when you have a fire, the expense can be a very
Someone set a fire in our woods year before last in the
autumn. Our neighbor alerted us and we called the local
volunteer fire department who came promptly and got
the fire under control efficiently. BUT, they still had to
work for several hours to control the blaze and completely
extinguish it. Our local fire department bills for their
service and the cost was over $2000 for a fairly modest
fire! Fortunately for us, our insurance agent had put our
policy into a higher than minimum level for fire call and
we were reimbursed for the total cost by our insurance
If you do have fire call charges possible where you live,
you may want to check what level is covered and ask
the local fire department what the typical charge is for
an incident. You may want more coverage than you
Same here. When I bought tractor and even the mowers, riding and zero turn, I contacted the company, Amica, just to make sure they were covered as well and they were.
When I had people trucking in to use the indoor or take lessons with my trainer, I did have a Commercial Liability policy as well and when I did take in 'paying' boarders, I had a Care, Custody, and Control policy as well.
Sometimes you have to burn a few bridges to keep the crazies from following you!
Tiramit, no matter what coverage others of us have, please do contact the company you have your homeowners policy with to make certain you are covered.
And make sure your coverage through HO is not the industry standard for outbuildings: 10% of what your home is covered for (replacement).
I had my carrier increase the coverage on the barn/arena.
Although not exactly = replacement for the present existing structures, at least I could replace the barn with something that would satisfy me.
*friend of bar.ka*RIP all my lovely boys, gone too soon: Steppin' Out 1988-2004 Hey Vern! 1982-2009 Cash's Bay Threat 1994-2009
You need an insurance company that understands horse property so you can insure the barn, any other buildings, hay etc. I use Equine Insurance Specialists and they cover my farm, including my truck as a business. I still carry an umbrella policy on top of the standard. Some insurance companies won't cover if you ever breed, stand a stallion (which I do) or decide to board others ( which I never will).
EIS works with a number of insurance providers so they will find the best one for your needs.