WEDNESDAY, JUNE 29, 2022
When it comes to insurance, livestock is considered a type of property. It’s important not to depend solely on your commercial property insurance if you own a farm, however. Farm insurance offers a lot of coverages for the unique risks farms face, including livestock insurance.
What Does Livestock Insurance Cover?
Livestock insurance provides compensation for injury or death of a farm’s livestock. Incidents that incur loss covered by this insurance are: 
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Loading and unloading, electrocution, fire, smoke, explosions and other accidents
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Natural disasters such as sinkholes, volcanic eruption and earthquakes*
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Flooding, lightning, wind, hail, theft, vandalism, etc.
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Death while in transport
*Earthquake coverage must be purchased separately. You can also purchase additional coverage for accidental shootings, drowning, wild animal or dog attacks and building collapse.
Livestock insurance does not cover when animals day or old age or natural diseases. In order to expand this coverage, you can purchase full animal mortality coverage, which covers natural and unnatural deaths such as illnesses, injuries and sickness.
Livestock included in this insurance include:
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Cattle
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Buffalo and bison
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Goats
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Sheep
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Horses
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Llama and alpaca
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Deer
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Pigs
Certain exotic animals may be excluded from this coverage. Livestock insurance also covers liability in case an animal or livestock causes bodily injury or property damage to someone else. This is crucial for farms and ranches that host events, allow tours or offer horseback riding.
How Much is Farm Livestock Insurance?
Farm insurance livestock insurance is calculated based on the value of the animal or animals. It also depends on the size of your farm and type of coverage. Most farms don’t purchase livestock insurance on its own, but as a package under a farm insurance policy. Farm insurance often includes livestock insurance as well as:
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Property Coverage: Property coverage for farms is extremely versatile. It covers not only the farmer’s home, but also sheds, barns and other structures crucial to the farm. It can also cover the contents of those buildings in case of fire, lightning, smoke, wind, hail, theft, vandalism and more.
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Farm Equipment Coverage: Farm equipment is expensive. If it suddenly breaks down or is lost due to a covered incident, farm equipment insurance can help you replace the lost or damaged items.
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General Liability: General liability insurance covers accidents of bodily injury or property damage to someone else while on the farm. It can help with medical payments, as well.
Posted 12:04 PM
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