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  1. #1
    Join Date
    Sep. 5, 2010
    Location
    MD
    Posts
    329

    Default Who pays for insurance?

    I am free leasing my horse out, and was wondering who generally pays for the insurance? Owner or leasee? I always thought the leasee should pay for it since the horse is in their care, but lately people have been mentioning otherwise.



  2. #2
    Join Date
    Feb. 26, 2013
    Posts
    39

    Default

    I believe the owner should/is suppose to.



  3. #3
    Join Date
    Mar. 26, 2013
    Posts
    166

    Default

    Lessee pays the insurance on all the leases I've done. I did co-pay with one horse though.



  4. #4
    Join Date
    Jan. 27, 2012
    Location
    Covington, LA
    Posts
    267

    Default

    my lessees' pay for insurance, seeing as they're the ones using the horse. insurance would be paid to me though.



  5. #5
    Join Date
    Feb. 3, 2000
    Location
    Nokesville, VA
    Posts
    35,040

    Default

    I have always seen it as the lease pays the insurance, but the owner is the one named in the insurance, who will collect if the horse dies.
    Janet

    chief feeder and mucker for Music, Spy, Belle and Tiara. Someone else is now feeding and mucking for Chief and Brain (both foxhunting now).



  6. #6
    Join Date
    Jul. 26, 2001
    Location
    Toronto, Canada.
    Posts
    6,300

    Default

    Vague with free leases.

    With a regular lease, it is usually built into the lease fee. For example, I leased my horse out for $10,000/year. $1,300 of that goes to the insurance policy. Leasee has personal liability only.

    Also, it depends if the horse is covered for mortality, or just liability. I think every rider (leaser) should have liability and the owner be responsible for medical/surgical/mortality as they will be the ones to collect the funds should something happen.



  7. #7
    Join Date
    Sep. 14, 2000
    Location
    Goochland, VA
    Posts
    8,547

    Default

    Lessee. Part of the expenses incurred with getting a free horse.
    Laurie
    Finding, preparing, showing and training young hunters, in hand and performance.
    www.juniorjohnsontrainingandsales.com



  8. #8
    Join Date
    Mar. 14, 2006
    Posts
    789

    Default

    Policy is in owners name (payout goes to them) but leasee pays the yearly fee.


    3 members found this post helpful.

  9. #9
    Join Date
    Feb. 17, 2004
    Posts
    792

    Default

    I always hold the insurance because you can't ever trust that the lee sees will keep it up. I build that into my cost of lease. If a free lease I will usually ask them to pay all costs related to the horse and this is one of them.



  10. #10
    Join Date
    Sep. 5, 2010
    Location
    MD
    Posts
    329

    Default

    Yes I will of course keep the policy in my name.

    So it is reasonable of me to ask them to pay for insurance?


    1 members found this post helpful.

  11. #11
    Join Date
    Oct. 6, 2002
    Location
    Philadelphia PA
    Posts
    15,316

    Default

    Yes, I think if they're exclusively using the horse they should cover insurance costs for that period of time.
    ~Veronica
    "The Son Dee Times" "Sustained" "Somerset" "Franklin Square"
    http://photobucket.com/albums/y192/vxf111/



  12. #12
    Join Date
    Sep. 26, 2010
    Posts
    3,954

    Default

    If it's a free lease at 100% and the horse is going to be off the property, then I would expect the leasee to pay insurance.

    The only time I wouldn't want to pay insurance personally is if it were a free lease on the property while being in training. I had a number of lease options I was considering years ago when I didn't have a horse. One owner insisted that if I were 1/2 leasing that she wanted me to pay half the insurance. I turned it down because I was in 1/2 training with the same trainer and essentially only riding when I was in a lesson, except for occasional trail rides around the property. Some people might have felt I should pay for the insurance, except there were plenty of nice options where owners did not require me to do so. I moved on and leased something else that was just as nice, but more affordable.



  13. #13
    Join Date
    Jun. 20, 2008
    Posts
    3,493

    Default

    It depends on what arrangements you, the owner/lessor, decide to do. Quite frankly if I were owner, I would pay the insurance myself, and have the lessee reimburse me for the premium



  14. #14
    Join Date
    Jul. 31, 2007
    Posts
    14,888

    Default

    Quote Originally Posted by EdgeBrook View Post
    my lessees' pay for insurance, seeing as they're the ones using the horse. insurance would be paid to me though.
    That is correct, but more clear:

    Lessee pays.

    Lessor chooses and buys the policy, to be reimbursed before the horse goes to the lessee.

    Lessor is named as the payee.

    The Lessor/HO does the insurance shopping and buying so as to protect her investment-- a policy that will do the job.

    IMO, an agreement that includes insurance ought to include a clause that obligates the lessee to follow the insurance company's instructions to the letter. After all, the policy don't mean diddly if the people actually caring for the horse do something that invalidates a claim (like treating the horse before calling the insurance company).
    The armchair saddler
    Politically Pro-Cat



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