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Owning a horse: A guide for new horse owners

28 August 2024

Owning a horse can be incredibly rewarding but also comes with significant responsibilities. Before you become a horse owner, there are some essential things to think about. Here are ten key points to consider to help guide you on this exciting journey to horse ownership.

1. Financial commitment

Owning your own horse is a substantial financial commitment. Horse buying comes with the initial purchase price, but you’ll also need to budget for ongoing expenses. Things such as feed, hay, bedding, veterinary care, farrier services, and insurance. Unexpected costs, such as emergency veterinary treatments, can also arise, so having a financial cushion may be essential.

2. Time investment

Caring for your horse properly requires a significant time commitment. Daily care, including feeding, grooming, and exercise, is essential. Additionally, you’ll need to allocate time for training and building a relationship with your horse. Consider your daily schedule and lifestyle; ensure you can dedicate time.

3. Knowledge and experience

Before purchasing, horse buyers should try to gain some prior experience with these wonderful creatures. Taking lessons with a riding instructor, volunteering at a stable, or leasing a horse can provide valuable insights into horse care and management. You'll get an understanding if there's a particular horse breed you prefer and what the right horse is for you. Being around other horses to understand basic horse behaviour and health is crucial for a positive ownership experience.

4. Choosing between livery yards 

British Horse Society (BHS) Approved Centres can offer peace of mind that your equine companion will be in safe hands when choosing a livery. BHS Approval means a yard or establishment is insured for public liability, complies with the latest health and safety legislation, and is regularly subject to unannounced annual inspections. Stables should be clean, well-ventilated, and safe. Pastures must be well-fenced, hazard-free, and provide sufficient grazing.

5. Feed and nutrition

A balanced diet is vital for your horse’s health. Consult a veterinarian or an equine nutritionist to develop a feeding plan tailored to your horse’s age, weight, and activity level. Fresh water should always be available and regular access to salt licks is recommended. 

6. Veterinary care

Regular veterinary care is essential to keep your horse healthy. Schedule routine check-ups, vaccinations, and dental care. Establish a relationship with a local equine vet and have an emergency plan in place. Learning basic first aid for minor injuries and ailments is also wise.

7. Farrier services

Horses require regular hoof care, typically every 6-8 weeks, depending on their activity levels and hoof condition.1 A qualified farrier will trim and, if necessary, shoe your horse to ensure its hooves remain healthy and functional.

8. Insurance

Consider insuring your horse. Policies can cover veterinary fees, mortality, theft, and third-party liability. Insurance aims to provide peace of mind and financial protection against unexpected events.

9. Training and exercise

Horses need regular exercise and mental stimulation. Establish a training routine that suits your horse’s needs and abilities. Whether you want to ride horses for pleasure, competition, or work, consistent training helps maintain your horse’s fitness and behaviour.

10. Community and support

Joining a local horse community can be incredibly beneficial. Connecting with other people who love horses provides opportunities for learning, sharing experiences, and receiving support. Look for local riding clubs, online forums, and social media groups dedicated to horse care and ownership.

Owning a horse is a long-term commitment that requires careful consideration and planning. Understanding and preparing for the financial, time, and care requirements can create a fulfilling and enjoyable experience for you and your horse.

 

Sources

1. msd-animal-health-hub.co.uk/Farriery-Shoeing

 

This is a marketing communication.

At the time of publication. The information contained herein is based on sources we believe reliable and should be understood to be general insurance and risk management information only. The information is not intended to be taken as advice and cannot be relied upon as such. Statements concerning legal, tax or accounting matters should be understood to be general observations based solely on our experience as insurance brokers and risk consultants and should not be relied upon as legal, tax or accounting advice, which we are not authorised to provide.

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