Horse owners is usually known as horse liability for the damage caused by his horse responsible horse insurance, insure the legal liability as operator of the horse. This is very important, because any horse owners for the damages caused by his horse is responsible according to the German civil code. That can mean even the financial ruin under certain circumstances. The horse insurance is divided into different areas. According to the conditions agreed in the contract, also the legal liability of the keeper of the horse is covered, as long as it is not engaged in commercial terms. (For commercial farmers, there are the so-called third party liability).
The damages in case of insurance covers 3 areas: personal injury (injury, death), property damage (destruction or damage), as well as financial losses incurred as a direct result of people or Sachs damage caused by the horse. In addition, also those damages are in some cases with a lower sum assured that no injury or damage was preceded by. The amount of coverage is dependent on the individual contract. Totals between 3 and 10 million euros, are common. The amount of money is justified, because the costs arising from any claims for damages are unpredictable, and circumstances can be immense, E.g. lifelong pensions for victims or their surviving dependants (similar to the car insurance). It can be taken a number of contractual arrangements, which include the separate agreements with some insurers, others belong in the main insurance package with inside. Participation in tournaments and horse racing including the necessary training, private carriage rides, involuntary act of deck etc.
These include, for example, a co-insurance of any foal of the horse up to the age of 12 months, In case of damage, the insurance checks the compensation obligation, which means that if the policyholder is in fact liable to make. If claims not entitled prove that. be fended off them by the insurance company up to court. The insurance company has incurred legal fees and court costs. Finally, she pay damages for legitimate claims. To the mentioned main insurance there is for horses health insurance, life insurance, surgery insurance, horse theft insurance and riding accident insurance. Thus, largely all imaginable risks in connection with horses, and their financial consequences can be financially cover. Thomas Ewert Ewd(at)EWD-concept.de