Animal Life Insurance
What Does Animal Life Insurance Mean?
Animal life insurance is a type of coverage that provides a death benefit in the event of an animal’s passing. Animals are vital to the success of certain businesses, such as zoos, farms, and ranches. As a result, many individuals involved with animals often purchase this type of insurance.
Insuranceopedia Explains Animal Life Insurance
Animal life insurance can provide coverage for various types of animal deaths, including those caused by accidents, natural disasters, diseases, and injuries. Similar to human life insurance, animal life insurance covers the life of an animal, but in this case, the policyholder is the animal’s owner, rather than the individual insuring themselves. There are numerous animals for which people purchase animal life insurance, including cattle, dolphins, bison, police dogs, and many others.
