Livestock Insurance

What Does Livestock Insurance Mean?

Livestock insurance provides coverage for losses involving animals. While these policies typically cover standard farm animals such as horses, poultry, and cattle, they can also extend to exotic and aquatic animals.

Livestock insurance compensates for animals that die, need to be euthanized, or are stolen. This coverage applies to losses occurring either on-site or during transportation.

Insuranceopedia Explains Livestock Insurance

Livestock insurance policies typically specify limits on coverage, both per animal and for the entire herd. For example, a policy might provide up to $100,000 in coverage per animal and a total of $1 million for the entire farm. It’s essential to ensure the coverage is sufficient to protect the full value of the livestock.

Additionally, some policies exclude deaths caused by disease or old age. For those concerned about such risks, specialized livestock insurance policies that include these coverages are available.