Livestock Mortality Insurance

Livestock Mortality Insurance

An insurance policy providing coverage due to the death of one's livestock. That is, livestock mortality insurance provides a death benefit as if the animal were a person. Livestock mortality insurance may allow the owner to purchase new livestock or to be compensated for loss of income due to the death. As with all insurance, one must pay a premium to receive the coverage.
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Livestock mortality insurance is still at the initial stages, and premium computation approaches are still relatively new and will require more research.
While crop insurance premium computation is fairly straightforward, livestock mortality insurance is still at the initial stages, and premium computation approaches are still relatively new, evolving, and require more research.
Livestock mortality insurance differs from other agricultural insurance such as crop insurance in a number of ways.
EXAMPLE PREMIUM CALCULATION FOR LIVESTOCK MORTALITY INSURANCE
Among the coverages in Travelers equine product portfolio is: bloodstock and livestock mortality insurance, which addresses exposures such as injury, accident, sickness and disease; theft, at no additional charge when buying mortality insurance; livestock major medical, which covers medical treatments for illnesses or accidents; and transit insurance, which applies to a horse's accidental injury sustained while being loaded, transported or unloaded from any vehicle.

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