It doesn’t matter if you’re a farmer who grows row crops with a few steers in your freezers with beef or a
farmer whose livelihood depends on the livestock. Have you ever thought about
what you would do if your livestock died suddenly? Are you willing to be a
victim of the financial burden? The Livestock Insurance Pakistan
worthwhile to consider.
There’s no doubt about the appropriate protection for your farm equipment
and structures. It is the same for your livestock. You might wonder,
“Well, doesn’t my farm package insurance policy automatically cover my
livestock under the farm personal property coverage form?”. The answer is
sort of, and we’ll explain. A standard farm insurance policy has certain
limitations when it comes to livestock. To be covered for livestock in a
typical farm insurance policy, it must be included as a peril of the policy
STANDARD FARM POLICY COVERAGE
Here are some examples of what could be covered in an average policy
Fire If your building for Livestock Insurance
is destroyed and animals die due
to the fire, the policy will compensate the lost livestock. Remember that
you’ll need sufficient personal property of your farm to ensure the safety of
your livestock in this scenario.
Wind- If a storm destroys livestock through flying debris or falling
buildings, it will protect the animals under the wind-related risk of an
If large hail stones fall onto an outside cattle yard and kill the
herd by an impact, the standard policy is to step in and compensate for the
It is crucial to remember that a typical farm insurance policy will
also cover losses due to vandalism, theft, wild animal attacks, lightning and
ISN’T THE STANDARD COVERAGE ENOUGH?
You might think that this is all I have to do to protect my herd.
Think about the following types of events that might exclude coverage from a
standard farm insurance policy:
- Water or feed that has been contaminated results in the intake of toxic
substances by animals.
- The consumption of harmful grazed and grazed plants.
- Hypothermia due to the cold, snowstorm freezing snow or snow.
- Surface water, flood water or overflow from the body of water, or mudflow could
all result in drowning.
- Sinkhole collapse occurs spontaneously.
- Riot/civil commotion.
or leakage of gas.
Be aware of the different coverage plans for each! An extensive
conversation with your agent needs to be conducted to determine what is
specifically included or not covered.
While unlikely to be covered under a typical farm insurance policy,
these exemptions could be covered by a policy that we refer to as the Animal
Mortality Insurance Plan.
IS THERE A MORE INCLUSIVE COVERAGE OPTION FOR LIVESTOCK USED FOR SHOW,
RACING, RESEARCH OR SERVICE?
There are also mortality insurance options that protect livestock
herds that are covered under the all risk plan. This protects the flock from
any risk you can imagine with only a handful of exclusions (disease and
infertility, as well as gross profit insurance, can be part of these insurance
plans). It could be an excellent option to protect costly purebred cattle or
show horses, show pigs, race horses, study animals, service animals,
aquaculture or highly valued pets. Remember that the premiums for insurance are
higher when you choose this plan.
OUR INDEPENDENT INSURANCE PROFESSIONALS UNDERSTAND FARMING AND LIVESTOCK!
When it comes to Livestock Insurance Scheme in Pakistan
, there is an abundance
of things to take care of and comprehend; a skilled, knowledgeable independent
insurance professional can with these issues for you. Independent agents are
not bound to one insurance provider and can assist in finding the most
appropriate insurance and company solutions for you.