You can either get horse float insurance with normal caravan and trailer insurance policies or as specialised cover. It can cover you for accidental and intentional damage, fires, storms, floods, theft and more.
| Company | Policy | Specialized or Part of Cover? |
|---|---|---|
| Horse Float Insurance | Part of Cover | |
 Affinity Equine Insurance | Horse Float and Gooseneck Insurance | Part of Cover |
 | Horse Float Insurance | Specialized |
 | Caravan Insurance | Part of Cover |
 | Caravan and Trailer Insurance | Part of Cover |
 RACQ | Caravan 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 |
*Always check the Product Disclosure Statement before getting a new policy. Table last checked August 2024.
There are a few types of insurance to consider. Firstly, your compulsory third party (CTP) policy that you have on your car will also extend to your horse float. This means that if you get into an accident and hurt someone or yourself, you're covered for the costs that arise from that. It's important to note that this type of insurance only covers people, not property. So if your horse float is damaged in the accident, it won't be covered by this type of insurance.
To be covered for damage to your horse float, you'd need comprehensive insurance for it. Horse floats are typically covered under caravan or trailer insurance policies. Check with your insurer when you get quotes to be sure. With this type of policy, you'll be covered for things like;
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. Based on your answers, the insurer will determine how risky it is to insure you and base your premium off this.
Your risk is determined based on 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.
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