Think of Mortality Cover Insurance as traditional insurance for your livestock. It covers losses due to unexpected events that cause the death of your insured animals.
How it Works:
Covered Risks: Your policy will list specific things that are covered, such as accidents, certain diseases, extreme weather events (like lightning), or theft.
Choosing Animals: You may insure your entire herd or select particularly valuable animals for individual coverage.
Making a Claim: If a covered event causes the death of an insured animal, you file a claim with the insurance company. A veterinarian might be needed to verify the cause of death.
Individual Protection: Covers losses when specific animals die unexpectedly, providing direct financial help.
Focus on High-Value Animals: Good for protecting your investment in particularly expensive or important breeding stock.
Important Notes:
- Premiums for Mortality Cover Insurance are often higher than index-based options since they involve individual animal assessments.
- Be sure to read your policy carefully! There might be exclusions for certain diseases or pre-existing conditions.
We understand the challenges farmers face. Do you have questions about Mortality Cover Insurance? Our team is here to help. Let’s start a conversation.