Breeder's Insurance Policy
Definition - What does Breeder's Insurance Policy mean?
Breeder's insurance is a policy that provides financial protection against potential losses involving an animal or animals used for breeding purposes to produce high quality stock. It can cover illness, death, theft, or other perils. In addition, coverage may include veterinary bills if the animal needs medical care due to an illness or accident.
Insuranceopedia explains Breeder's Insurance Policy
Animals often bred for economic purposes include dogs, cattle, and horses. As business assets, they provide a livelihood for the owner, and any sort of loss could result in significant financial setbacks. Therefore, it helps replace lost income in ranching, dog breeding, and similar sectors.