Let’s face facts; there are fewer investments more costly than buying a horse. Even if you place the hefty purchase price to one side, you must still factor in the recurring costs of feeding, housing and transporting your horse to specific events, which can quickly mount within a relatively brief period of time. It is therefore crucial that you cut costs where possible, without compromising on the quality of life that the horse enjoys on a daily basis.
How to reduce the cost of running your Horsebox
One of the best ways to achieve this is to target specific areas, with your horsebox being a leading priority. This is the vehicle that will transport your prized asset around the UK, and while it is typically costly there are relatively simple ways in which your annual spend can be reduced. These include: –
Partner with a specialist insurance Provider
Before anything else, it is important to secure the best possible insurance coverage. This will ensure that your horse can be transported securely and in comfort, which in turn will afford the type of peace of mind that is crucial as an investor. To achieve this, you will need to consider firms that offer specialist horsebox coverage which has the potential to be tailored according to your precise needs, with A-Plan providing a prominent example. By securing comprehensive coverage and not invalidating your insurance, you can protect your investment while also saving in the short-term.
Share the cost of Transportation
The next thing to consider is the cost of transporting your horse, as your fully-insured and protected horsebox may well have a spare berth or two. Given that you have paid and protected this space, it makes sense to monetise this and offer it out to friends and neighbours. Whether you charge a fee to your friend or simply halve the cost of fuel and transportation is entirely up to you, but the result is reduced expenditure and higher profit margins. Just remember to offer a financial incentive to those who you share with!
Be security Conscious
On a final note, you will need to make sure that your investment is safe when the horsebox is being stored. Stationary horseboxes can become a viable target for knowledgeable thieves, while the failure to adequately protect your investment can invalidate your insurance policy and cost you huge amount of money in the longer term. By making an initial, up-front investment in high quality alarms and immobilisers for your horsebox, you can effectively validate your insurance and secure cheaper premiums in the future.
