Liability insurance - The Horse Forum

 
LinkBack Thread Tools
post #1 of 9 Old 05-14-2012, 08:56 PM Thread Starter
Foal
 
Join Date: May 2012
Posts: 2
• Horses: 0
Liability insurance

I have two horses that I keep at my home. Neither are particularly valuable, they are just pets. We trail ride, we pony ride with friends, and my kids want to start 4-H shows this summer.

I am thinking that I need to carry some kind of liability insurance policy. I've googled it and it looks like I can get just an umbrella policy for $250-$300. I am not sure how to evaluate these plans to determine which would be the best choice for me. I'm really not worried about small issues, I just want to protect myself in case something bad were to happen.

Any suggestions as to what I should consider?

Thanks.
pwalshmn is offline  
Sponsored Links
Advertisement
 
post #2 of 9 Old 05-14-2012, 09:00 PM
Trained
 
Join Date: Jun 2007
Location: left of center
Posts: 7,083
• Horses: 2
Since they are at your home, I would talk to your agent about a farm type policy with liability coverage so that the whole thing is in one. I personally have just gone with $1M/$2m coverage. If some one gets hurt it the amounts you are talking about won't do much if they sue. I worry about numerous things, but say they get out, and someone hits them and gets killed. That will cost you more and a couple hundred thousand. In fact, for that there may not BE enough. Also depends upon your state. SOme states have equine risk laws, others don't. I worry less when mine are in VA, which has the laws to curb the suits, as opposed to NY, where there are none.

Signature undergoing edits. Please standby.......
franknbeans is offline  
post #3 of 9 Old 05-14-2012, 10:07 PM Thread Starter
Foal
 
Join Date: May 2012
Posts: 2
• Horses: 0
Thanks Frank. I think that I was a little unclear. I am looking at coverage of $1m/$2m. The $250 or so was the annual premium. This seems well worth the peace of mind so I am going to go ahead and purchase something. It just doesn't seem like there is much on which to differentiate the plans that are available.
pwalshmn is offline  
post #4 of 9 Old 05-14-2012, 10:09 PM
Trained
 
Join Date: Jun 2007
Location: left of center
Posts: 7,083
• Horses: 2
That seems to be the typical coverage and average price.

Signature undergoing edits. Please standby.......
franknbeans is offline  
post #5 of 9 Old 05-17-2012, 05:30 AM
Foal
 
Join Date: May 2012
Posts: 2
• Horses: 0
What is liability insurance commonly asked question What Is Liability Insurance
Liability insurance policies cover both legal costs and any legal payouts for which the insured would be responsible if found legally liable. Intentional damage and contractual liabilities are typically not covered in these types of policies.

Read more:
What Is Liability Insurance
annamarga23 is offline  
post #6 of 9 Old 05-20-2012, 01:20 AM
Trained
 
Join Date: Sep 2011
Location: california
Posts: 5,285
• Horses: 0
Quote:
Originally Posted by pwalshmn View Post
Thanks Frank. I think that I was a little unclear. I am looking at coverage of $1m/$2m. The $250 or so was the annual premium. This seems well worth the peace of mind so I am going to go ahead and purchase something. It just doesn't seem like there is much on which to differentiate the plans that are available.
What state are you in ? And what insurance company did you find with premiums of $250.00 a year !! I want that insurance ! I am in CA. And have only found policies with that premium per month !
stevenson is offline  
post #7 of 9 Old 05-20-2012, 06:01 AM
Trained
 
Join Date: Jun 2007
Location: left of center
Posts: 7,083
• Horses: 2
Premiums very widely on what you are insuring, and how you use your horse/property. Obviously a lesson barn will be greatly more expensive than my horse at someone elses farm.

Signature undergoing edits. Please standby.......
franknbeans is offline  
post #8 of 9 Old 05-21-2012, 06:43 PM
Trained
 
Join Date: Jul 2011
Location: Portland, OR
Posts: 5,286
• Horses: 1
Assuming you currently have homeowner's insurance, call them and ask if the liability portion of it covers horses. Many policies are written to generically cover damage/injuries caused by any animal owned by the policy holder, whether they are on or off the insured property.

As long as you're not running any kind of horse-related business (you're not boarding other people's horses at your property, training, etc.) you may not need to purchase additional insurance at all.
verona1016 is offline  
post #9 of 9 Old 05-21-2012, 07:06 PM
Trained
 
Join Date: Apr 2008
Location: Orange County, NC
Posts: 6,163
• Horses: 5
^^^^ Agreed. For our needs, our homeowner's coverage of 300K is fine.
Posted via Mobile Device
PaintHorseMares is offline  
Reply

Tags
insurance , liability

Quick Reply
Message:
Options

Register Now



In order to be able to post messages on the The Horse Forum forums, you must first register.

Already have a Horse Forum account?
Members are allowed only one account per person at the Horse Forum, so if you've made an account here in the past you'll need to continue using that account. Please do not create a new account or you may lose access to the Horse Forum. If you need help recovering your existing account, please Contact Us. We'll be glad to help!

New to the Horse Forum?
Please choose a username you will be satisfied with using for the duration of your membership at the Horse Forum. We do not change members' usernames upon request because that would make it difficult for everyone to keep track of who is who on the forum. For that reason, please do not incorporate your horse's name into your username so that you are not stuck with a username related to a horse you may no longer have some day, or use any other username you may no longer identify with or care for in the future.



User Name:
Password
Please enter a password for your user account. Note that passwords are case-sensitive.

Password:


Confirm Password:
Email Address
Please enter a valid email address for yourself.

Email Address:
OR

Log-in









Human Verification

In order to verify that you are a human and not a spam bot, please enter the answer into the following box below based on the instructions contained in the graphic.


Old Thread Warning
This thread is more than 90 days old. When a thread is this old, it is often better to start a new thread rather than post to it. However, If you feel you have something of value to add to this particular thread, you can do so by checking the box below before submitting your post.

Thread Tools
Show Printable Version Show Printable Version
Email this Page Email this Page



Similar Threads
Thread Thread Starter Forum Replies Last Post
How much liability insurance? franknbeans Horse Law 38 07-07-2012 07:29 PM
looking for equine liability insurance BaywoodFarmNC Farm Forum 8 03-10-2012 10:53 PM
Commercial Liability Insurance kywalkinghorse2010 Horse Training 0 07-26-2011 08:03 PM
Liability insurance question franknbeans Horse Law 3 09-14-2010 06:51 PM
liability insurance questions Greg1993 Horse Law 0 12-11-2008 01:52 PM

Posting Rules  
You may post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On

 
For the best viewing experience please update your browser to Google Chrome