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If you want to insure your horse float all you have to do is look at normal trailer insurance policies. Some companies will offer different levels of cover so you can get covered for the full bells and whistles like damage to your float and towing, or just for damage to other people's property if that's what you're worried about.
Company | Policy | Specialized or Part of Cover? | Apply |
---|---|---|---|
Horse Float Insurance | Part of Cover | Get quote | |
![]() Affinity Equine Insurance | Horse Float and Gooseneck Insurance | Part of Cover | |
![]() | Horse Float Insurance | Specialized | |
![]() HBF | Horse Float Insurance | Specialized | |
![]() | Caravan Insurance | Part of Cover | |
![]() | Caravan and Trailer Insurance | Part of Cover | |
![]() SGIO | Trailer Insurance | Specialized | |
![]() Petplan | Horse Float Cover | Specialized | |
![]() AIS | Horse Float/Horse Trailer Insurance | Specialized | |
![]() RACQ | Caravan Insurance | Part of Cover | |
![]() SGIC | Trailer Insurance | Part of Cover | |
![]() | Caravan Insurance | Specialized | |
![]() | Caravan and Trailer Insurance | Part of Cover | |
![]() Suncorp | Caravan Insurance | Specialized | |
![]() NAB | Caravan & Trailer Insurance | Part of Cover | |
![]() | Caravan and Trailer Insurance | Part of Cover | |
![]() | Caravan Insurance | Specialized |
*Always check the Product Disclosure Statement before getting a new policy.
While towing your horse float, the CTP insurance of the car that’s doing the towing will cover it. Your horse float won’t have any other cover beyond this unless the car insurance policy specifically mentions other cover for your horse float. For cover specifically for horse floats, you generally have two main options:
For comprehensive and cost-effective horse float insurance, trailer cover might be the way to go. Barring exclusions or special circumstances, these policies typically include the following:
All damage to the trailer (subject to policy conditions) up to a total loss is covered. Policies will specify the type of damage that is covered. For example, one policy might cover damage caused by storms or flooding, while another won’t.
The way it pays out depends on the policy.
This covers you for expenses where you have liability. This could include injuries or damage resulting from a runaway trailer, sloppy driving, or if someone slips and falls while accessing the trailer. It can offer cover whether you were driving or accessing the float, or if someone else was doing it with your permission. Depending on the policy, this can include the following:
This covers the cost of authorised emergency repairs to your horse float if it can’t be towed following an accident.
This covers the cost of removing and storing the float if you are unable to move it following an accident and emergency repairs can’t get it on the road right away.
Insurance can also cover the costs associated with returning the repaired, or replacement, horse float to you. Insurers may agree to pay the reasonable costs of transporting the trailer to you or can arrange delivery directly at no cost to you.
If one seemingly equivalent policy is a lot cheaper than another, it might be because there are specific exclusions, limits or other conditions which affect the cover. These define policies as much as the inclusions do.
The main limit is your sum insured or the current market value of your horse float. You will not be able to claim more than this amount for the trailer in the event of a total loss. With trailer policies, you can often choose either market value or sum insured, while equine insurance might only give you market value.
The preferable option depends on a range of factors, including what kind of float you have, whether it has any special features or aftermarket additions and how well you maintain it. Often, professionals will insure at an agreed value.
Specific types of cover will have sublimits you need to pay attention to. For example, you might not be able to claim more than $500 for the contents of a trailer regardless of how much they are worth. With liability cover, the limits are usually in excess of $20 million or more.
Specific conditions will often apply for payouts. For example, you may not be able to make a claim for emergency accommodation unless you’re more than 100km from home at the time. There also may be specific conditions regarding which parts and equipment are covered.
The cost of a policy depends on your location, the type of cover and the value of your horse float. Overall, it’s broken down into the excess and the premiums.
The excess is a fee you pay in the event of a claim and each separate claim will have a separate excess. Often, multiple excesses will apply to a single claim. These generally work very similar to car insurance and can include the following:
The insurer’s risk determines your trailer insurance premiums. This risk is a combination of how likely you are to make a claim and how much it will cost if you do. As such, it can be affected by the following:
Finding the right policy is about balancing cost and cover. Policies need to be affordable, but should also deliver appropriate cover for your needs. Generally, you should have enough cover to make sure that you’ll be able to replace the float in the event of a total loss.
You may also want to consider the following:
Taking steps to maintain your float (wear and tear damage isn’t covered) and extend its lifespan will help limit your claims. If your horse float or trailer isn’t in good condition and you aren’t taking appropriate care of it, insurers may reject your claims.
Getting into the habit of routine maintenance can go a long way to keeping you, and your horses, safe.
Conduct appropriate preventative maintenance and check all of the following regularly, particularly if you haven’t used the float for an extended period:
When your float is not in use, it’s a good idea to park it under cover and on a stable concrete surface whenever possible. Putting a tarp over it can also help prevent fading and other damage.
You might want to specifically look over the terms of your insurance policy and look for specific exclusions that need to be addressed, such as whether you need to secure it in a particular way or if there are any security devices you can use to get a discount on your premiums.
Compare trailer insurance options from Australian brands
Picture: GettyImages
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