If you have an operation that profits from raising or housing animals, your income could be compromised in the event of injuries or death to your livestock. Many farms and ranches have their cows, sheep, pigs, horses, alpacas, and other types of livestock covered under farm insurance. Discover how this type of policy can protect your assets below.

What’s Covered Under Farm Insurance?

Many small to midsize operations use farm policies to insure their livestock. Housing units for the animals and other farm property are protected under this insurance, and the policy will cover either the damages or the physical loss in many disasters.

Livestock can be claimed under farm policies, either individually or as a herd. Theft, fire, and similar problems are typically covered.

It’s important to select the right policy for your needs, as some also cover additional circumstances that could harm your livestock. For example, injuries sustained during loading or unloading, attacks by wild animals, drownings, and similar accidents may be covered under certain policies.

Should You Consider Additional Coverage?

While general farm insurance covers many circumstances, there are other factors you could face that may warrant additional coverage. Most farm policies only provide limited animal mortality coverage, which typically doesn’t include the death of any livestock caused by disease or age.

A full animal mortality policy, however, will cover sickness. Insurance premiums for these are determined based on the animal’s appraised value or sale price; in some cases, you may be able to get loss of use coverage for the animal. Keep in mind, however, that coverage cannot be secured for animals that have preexisting conditions, and a veterinary exam is required to receive full mortality coverage.

If you’re considering farm insurance to keep your assets protected against unpredictable circumstances, turn to Kramer-Myers & Werring-Dickerson Insurance. Serving Clermont County, OH, these insurance experts have supported local farmers, homeowners, and businesses since 1960. Their team will help you find the type of coverage that best fits your needs and budget. Find out more about their available options online or call (513) 732-1461 to request a quote.