Livestock insurance is a useful tool to protect agricultural enterprises from damage resulting from illness or death of animals belonging to them.
Insurance shall not cover:
Livestock insurance implies mandatory requirements for concluding an insurance policy, such as age, compliance with sanitary standards for keeping animals and compulsory vaccination.
Livestock insurance primarily covers basic property risks:
Also, livestock can be additionally insured against:
Optionally, you can add animal insurance during transportation, operation, as well as in the case of death due to malfunction of stationary machines.
The insurance policy provides for a list of diseases against which the livestock can be insured. If a specific disease is not listed, it is excluded from the coverage.
The livestock insurance policy is valid within Ukraine.
The cost of livestock insurance is the equivalent of the cost of animals. The sum insured is determined based on the market or book price of a group of animals, and also depends on:
The insurance rate is calculated for a specific age group of the insured livestock. Insurance coverage will apply to all animals within the age group. If the animal "grows" out of the age group, the coverage ceases. If the livestock increases, the young animal automatically becomes insured upon reaching the lower threshold of the age range.
Thus, all animals that fall into the age category provided by the policy will be insured, and the number of insured animals will change during the period of insurance.
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