Livestock insurance can help provide financial protection for farmers and ranchers who depend on their animals to help generate income. Contact Wilber-Price Insurance Group in Loveland, Ohio, to learn more about this crucial form of coverage.
Can You Insure Farm Animals?
Yes, many insurers provide access to livestock insurance policies to help farming operations like yours avoid the negative financial effects of livestock losses.
There are numerous types of livestock coverage. Your agent can help determine which farm insurance policies are the best fit for your organization.
What Are the Benefits of Livestock Insurance?
Livestock insurance typically provides coverage to help pay for losses when covered incidents result in the death or injury of livestock. This insurance may also provide coverage for a number of other livestock-related losses, including collisions while in transit, crimes and civil unrest, natural disasters and other damaging weather events.
There are two main types of livestock coverage:
- Unscheduled (blanket) livestock coverage—This form of insurance can help cover your farm property with a single policy limit. When you select coverage up to your property’s total value, a blanket policy may include a coverage cushion in case the value of your property fluctuates or you purchase additional equipment or land.
- Scheduled livestock coverage—This form of insurance may be a good choice for higher-value animals. Such coverage provides protection for specific animals you identify in the policy. Each animal has an individual limit, allowing you to customize coverage based on your specific budget and needs. With scheduled livestock insurance, you can also purchase endorsements to provide protection for additional losses, including:
- Attacks by wild animals or dogs
What Is Covered Under Livestock Insurance?
Your organization has specific insurance needs. Depending on your unique exposures, your agent may recommend various forms of specialized livestock insurance. Here’s an outline of potential coverage options:
- High-value animal insurance may be appropriate for service and police dogs, show or breeding cattle and swine, and high-value animals that represent a substantial investment.
- Livestock transit insurance can help provide coverage for the crippling and death of animals in the course of transit.
- Swine insurance can help provide coverage for swine killed due to covered events, such as power interruptions, fires and storms.
- Horse insurance may include animal mortality and optional major medical expense coverage.
- Feedlot, pasture and dairy cattle insurance may include coverage for carcass removal, contaminated feed or water, hypothermia and other perils that could threaten your cattle.
- Poultry insurance may include coverage for direct physical damage resulting in the death of animals.
- Hatchery insurance can help provide coverage for the death or destruction of fertile hatching eggs and chicks due to covered events, such as fires, theft, vandalism or adverse weather conditions.
Depending on the particular needs of your organization, your agent may also recommend that you purchase the following policies:
- Workers’ compensation insurance
- Farm structures insurance
- Commercial auto insurance
- Farm and ranch liability insurance
Get a Quote for Livestock Insurance
Your agent can help you get a livestock insurance quote from a reputable insurance company. Contact Wilber-Price Insurance Group today to secure a livestock insurance policy tailored to your needs.