I insisted on insurance for Cosworth, and his loaner claimed on it in the last year of his life for his Danilon. I have his loan agreement here, I can take a copy of it if you want to come and fetch it?
I sent him with tack and rugs, and listed them out in the agreement. As you know, the agreement came to an end this week when we had him PTS, and I just got back his saddle, his magnetic back pad, and his prolite pad. After four years, his rugs and bridle had been replaced, and besides, none of it would fit Gazdag anyway. I was of the opinion that any remaining rugs etc could stay with her, as she took such outstanding care of my lovely boy.
His saddle is with Gem for her to try on Diesel, it's too long for Gazdag.
I printed off the BHS loan agreement and amended as needed (but didn't put that he was not to be sold). I am friends with the loaner and our children are at the same pony club and attend rallies together, so I see my pony often throughout the summer season. I also get regular updates and kept in touch and have been to see him at his home. He is due to come home soon, and if I can find him a good loan home, I will be adding the "horse not to be sold" clause to the contract. Again, pony is only 30mins up the road. As he's a pony and used for pony club, it's handy to loan out to someone within our pony club, then we can see him regularly and know he is fine and well.
When I loaned my horse out I continued to pay the insurance for him. The insurance company knew that he was on loan and kept a long way from me and were fine with this. The agreement I made with the loaner was that they would pay any excess but if the insurance company wouldn't pay for something because it was a pre-existing condition, then I would pay. It also meant that I would have a lot of say in what treatment he received and could make decisions as to what was appropriate for him.
Absolutely yes, bear went on loan and they had to make several claims - the last one when we lost her; the loaners covered the excess vets fees. Unfortunately she wasnt insured for her full market value but that was my fault as I had not specified this in the agreement. When Gou went on loan I specified that I was to be named on the policy so that I could call at any time and check the policy was in force - I would either insist upon it or i would keep it on yourselves and let the insurers know the new circumstances