The cost of the policy is largely down to the construction of the building and what it is being used for. Buildings which are considered to be of standard construction, such as brick, block or stone, with a slate or tile roof are likely to be cheaper to insure than a timber building.
In addition the use of a building can also increase your premium. For instance keeping hay and straw in a timber barn is going to attract a higher premium, so consider if there is another option and think about the layout of the buildings – if you have to keep your straw in a timber construction keep it isolated from any other timber building.
Also think about the security measures you have in place, alarms on your home and tack room, metal bars on any tack room windows and use of security lighting.
The lower the risk to the insurer the lower your premium should be.
You can choose to pay for your policy by monthly direct debit which will help to spread the cost of the insurance, however there is likely to be an additional charge when opting to pay monthly.
If you are a member of British Showjumping, British Eventing or British Dressage then you will be entitled on a discount on a property policy with KBIS. You can read more about membership savings here .