What is livestock insurance?

Livestock insurance is protection against accidents and unexpected events that may affect your animals. This insurance coverage is customizable, so whether you have pigs, cattle, sheep, goats, chickens, or a mixture, you are covered. There are different policy options, depending on your needs and budget. You can get blanket coverage that insures your property, equipment, and livestock, as well as individual coverage for animals of higher values. There is also herd coverage, which is the most common type of insurance. This insures a limited number of animals.

Livestock insurance is protection against accidents and unexpected events that may affect your animals. This insurance coverage is customizable, so whether you have pigs, cattle, sheep, goats, chickens, or a mixture, you are covered. There are different policy options, depending on your needs and budget. You can get blanket coverage that insures your property, equipment, and livestock, as well as individual coverage for animals of higher values. There is also herd coverage, which is the most common type of insurance. This insures a limited number of animals.

Animal mortality insurance is a related coverage option that protects against the costs associated with an animal’s death if caused by a listed covered cause, including fire, lightening, windstorm, hail, collision or upset while in transit, accidental shooting, drowning, and more. Theft coverage is also included in animal mortality insurance. It is used in industries in which animals are an important revenue-generating asset, such as dairy farming, zoos, aquariums, and professional horse stables.

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When do I need to be aware of livestock insurance?

There are numerous causes of death to farm animals, and these include respiratory problems, weather events, birthing, and digestive problems. You may need livestock insurance to cover losses for a variety of events. For example, if you have blanket coverage, and there is a tornado that destroys your barns and kills some of your livestock, you will be covered for the predetermined value.

What is important to know about livestock insurance?

As with other insurance policies, livestock insurance offers a variety of ways to cover your livestock, property, and more. It is important to understand the details of the type you purchase. There are some other important items you should know about livestock insurance:

The type of coverage you choose determines what the insurance company will reimburse you for each head of livestock.
General insurance policies do not cover deaths caused by old age, diseases, and death by natural causes, but you can purchase specialized coverage for those mortalities.
Some policies also include liability insurance, which covers you in the event your animals cause property damage or bodily injury to others.