Horse Insurance, did you know?14/03/2018
We have recently seen the same questions consistently arise on social media in respect of horse insurance policies. The most common is usually regarding insurers requirements for the horse’s vet history.
When you purchase a new horse, insurers are sensible to the fact that you will not have a full vet’s history, therefore they will usually incept a policy with just a proposal form and written confirmation that, to best of your knowledge, the horse has no pre-existing issues or conditions. However, if the horse’s value breaches a certain threshold, insurers may ask for a 2 or 5 stage vetting.
Once you have owned a horse for longer than 6 months, insurers will always require a copy of your vet’s history. This is to ensure the horse is registered with a vet and has had its necessary vaccinations, but also to make certain that there are no pre-existing conditions.
If your policy has been incepted but the vet’s history has highlighted existing issues, your insurers will exclude all cover relating to that condition. As an example, if the horse has previously suffered from colic or laminitis, insurers will not pay out claims relating to these conditions. This is the same with all insurers.
If you are unable to provide your insurers with the vet’s history since purchase, they may instead request a 2 or 5 stage vetting, otherwise, they cannot check if the horse is healthy.
We always recommend speaking with your vet prior to requesting an insurance quotation. This way your vet can send over all the information they have beforehand and your insurer can offer you a policy based on the all relevant facts and avoid complications further down the line.
Vets don’t tend to charge for this, and will normally email you the information you need upon request.