Livestock
Overview
The Livestock product safeguards one of your farm’s most valuable assets – your livestock, whether cattle, poultry, hogs, horses or other animals. Proper coverage starts with accurately listing the numbers and market values for each class of livestock.
Key Coverages:
- Death or destruction from common perils like fire, flood, collision, windstorms
- Optional extensions for risks like entrapment, ventilation failure, heat prostration
- Additional coverages for ingested hardware, physical injuries, birth losses
Coverage Considerations:
- Regular reviews to update livestock counts and values
- Clarifying desired coverage scope for specific causes of loss
- Co-insurance provisions to avoid underinsurance penalties
- Non-owned livestock coverage for animals you’re growing for others
- Coverages at non-owned locations housing your livestock
Additional specialized coverages like livestock sickness or disease may also be available based on your specific livestock types. Your broker will work closely with you to build a customized policy protecting this critical asset and income source.