We get a lot of questions regarding livestock mortality insurance so we have decided to answer some of them below.
What is mortality insurance?
It is term life insurance for your animals. It covers full mortality due to accident, injury, sickness, disease, or theft. The only exclusions are acts of war or if you intentionally kill the animal.
What animals are covered?
We cover swine, cattle, equine, lambs, and goats. If you have another animal that you would like covered then reach out and we will see what we can do.
How is the value determined?
The value of the animal is based on the purchase price. If you raised an animal that you want to be covered then there is a more detailed process to determine the value.
How long does it last?
Mortality insurance is like term life insurance in that there are various terms. We offer 30 days, 60 days, 90 days, 6 months, and annual policies.
What is the cost of coverage?
The price is determined by the length of coverage and value of the animal. You pay a percentage of the value, based on the length of the term. Reach out to us for more details on this. The minimum premium for most mortality coverage is $250.
Is there a limit on value?
The short answer is no. We can offer up to $50,000 with no exception, over that amount we have to get prior approval from the carrier.
What do I need to insure the animal?
It is a very easy process; all you need is health papers signed by a vet & a receipt/bill of sale for proof of value. There will then be an application for you to sign and we can insure the animal the same day.
If you have any additional questions regarding livestock mortality coverage then please reach out to us at tanner@coulterlivestockinsurance.com or (765) 744-0194.