Lease Insurance

[swissgrl]

I know there have been posts about insurance before, but I can't find them.

I'm considering leasing my arab out to a girl, to help cut down the food cost. I don't want to sell him, and she isn't looking at buying, so this could work out well for both of us.

However, I'm not sure how that works out with liability. If I do a standard lease contract, will that take care of liability? What if she lets somebody else ride, and they get hurt, or he spooks and takes off and gets hit by a car (just thinking worst case scenario here, covering all my bases), could the driver of the car or the person that she lets ride, come back and sue me?

Does anybody know the california laws, or a company that has a good lease insurance?

Thanks

[cutiepiepmu]

anytime I hae either leased myself or leased out one of my own horses I require FULL insurance to be carried by the person who leases/or me if I lease. Not only does it cover the horse in the event of injury, illness, or accident -it protects the owner and the leasor.

I recommend having the horse have an inspection to determine value(usually done by an independant agent outside of the insurance company) then, insure for the full value of the horse, require colic coverage, major medical, loss of use(which protects if the horse is injured but has to be a pasture pet) as well as mortality(covers euthenasia if needed as well as disposal/creamation)

The contracts I have used in the past are pretty lengthy and it is best to have them signed AT a notary(at a bank is a good place to find a notary). This makes the contract witnessed and fully legal and will help avoid loop holes in the event of an issue(which we hope there won't be any). You need to specify in this contract the conditions of anyone else riding, working, or transporting the horse. I always required that riders HAD to have helmets and I never allowed anyone other than the person leasing OR the trainer of that person to ride the horse. No friends, family, ect. It removes liability by specifying that.

I have used www.americanequine.com in the past. Make sure you review policies. Not ALL policies are the same. Read - in detail - what is and isn't covered!!!!!! Also - find out what the deductables are.

I know - seems totally overkill - but, protecting yourself from the unknown and makeing sure that you have your horse covered is something REALLY important.

Also - in the contract, if the horse is to leave your property to go to another facility - make sure you specify IN the contract about feeding/types/schedule/supplements, ect and also specify who you want used as a farrier and what the specific schedule should be. This is an area alot of people over look and end up having their horses suffer because of it.

Sara

[pikzeedust]

I use a company out of Texas. They have terrific rates and they are really nice. Brooks Maberry Insurance Contact: [e-mail]