If you are a farmer or intend to delve into animal husbandry, you may need to ask some important questions before purchasing livestock insurance. This will help you know what coverage you will get and how much.
If you are a cattle rancher and are considering buying insurance for your cattle, sheep, pigs, goats, horses and donkeys, here are the questions you need to ask your agent.
1. Do you have coverage for my farm animals if they die on my property?
While many insurance companies will compensate you for the death of an animal if it wanders onto someone else’s property, not all plans cover deaths that occur on your own property. Fortunately, you can extend your coverage with a suitable livestock insurance policy to include any catastrophic injuries that occur on your property.
2. Do you have sheep care insurance?
It’s a sad fact that sheep anxiety is on the rise (dogs killed over 15,000 sheep and unborn sheep in 2016 according to Sheepwatch UK) (dogs killed over 15,000 sheep and unborn sheep in 2016 according to Sheepwatch UK). With proper coverage, you avoid the additional financial burden of losing livestock in this way, as well as the painful experience of losing livestock in this way.
3. Is it necessary to have general liability insurance?
If you have farm animals (especially larger animals like cows and horses), the answer to whether or not you should have a general liability insurance policy is always yes. Whatever the circumstances, if any of your livestock escape into England and Wales, you will be responsible for the damage you have caused.
We’ve heard of cases where farmer horses got startled and skidded on a public road, colliding with a car and seriously injuring the driver. Fortunately, they had liability insurance, so they didn’t have to pay the £100,000 cost of the claim.
4. Have you updated your insurance policy to reflect the current numbers for your livestock?
Don’t forget to notify your insurance company if your flocks have grown in the last year so that your animals will not be insured. Likewise, if your UK insurer reports that herd numbers have decreased, this could have a positive effect on your premiums.
5. Are there diseases in particular that you want to protect against?
Fortunately, foot-and-mouth disease is a thing of the past, and anthrax outbreaks are becoming less widespread, but the disease among your livestock can be disastrous. Many insurance policies cover a variety of illnesses; Simply ask your insurance company what is covered by default. You may also want to consider insuring cattle sterility.
When your livestock is your livelihood, you understand the importance of securing them. Even if you have a few farm animals, you need to make sure you have enough liability insurance in case they run away. We understand the importance of protecting your farm animals due to the number of claims we see each year in the UK.