Your farm’s livestock is not only an essential piece of your business, but also a hefty investment. Livestock is time-consuming to raise and care for, and expensive to buy and replace. Fortunately having livestock mortality insurance can help soften the financial blow if you lose some or all of your herd.

Even better, a Kentucky independent insurance agent can help you find the right livestock mortality insurance for you. They’ll also get you equipped with this coverage long before you need to use it. But before then, let’s take a closer look at this important coverage.

What Is Livestock Mortality Insurance?

Livestock mortality insurance is essentially a unique form of Kentucky life insurance designed to cover livestock. If a farm animal dies due to a covered peril, the farm owner receives a death benefit payout. Often, death benefits for livestock match their original purchase value, but sometimes this amount can increase over time for various reasons.

What Does Livestock Mortality Insurance Cover in Kentucky?

Livestock mortality insurance is an important coverage for farmers in Kentucky. According to insurance expert Jeffery Green, livestock mortality insurance is designed to cover these perils:

• Government-enforced slaughter of livestock
• Livestock theft
• Economic slaughter of livestock
• Accidents, sickness, or disease
• Livestock medical treatment

Your Kentucky independent insurance agent can provide you with more details about what your livestock mortality insurance covers. Policies may vary slightly by insurance company.

What Animals Does Livestock Mortality Insurance Cover in Kentucky?

Not all livestock mortality insurance policies cover exactly same animals. To ensure your farm’s livestock gets the protection it deserves, be sure to work with a Kentucky independent insurance agent.

Livestock mortality insurance can cover these animals:

• Pigs/Hogs
• Chickens
• Cattle
• Sheep
• Goats
• Emus

Depending on your policy, you may need special extra coverage for certain animals. Your Kentucky independent insurance agent can help you get set up with the exact policy you need to protect your livestock.

Livestock Mortality Rate in Kentucky

Livestock mortality rates are important no matter where your farm is located, but it’s still helpful to know the mortality rate in your area. Check out a couple of stats below.

A Kentucky independent insurance agent can further explain the importance of having livestock mortality insurance to protect your farm animals.

How Many Animals Can Be Covered under Livestock Mortality Insurance?

Fortunately you can cover as many animals as you want to list under one livestock mortality insurance policy, said insurance expert Paul Martin. Depending on your needs, you can use livestock mortality insurance to insure an entire herd, or to cover just specific animals you deem more valuable to your farm.

Working with your Kentucky independent insurance agent is a great way to decide which animals on your farm would benefit most from having coverage. You may decide to insure one type of animal on your farm and not another, or you may want coverage for them all.

How Much Does Livestock Mortality Insurance Cost in Kentucky?

It’s difficult to offer an estimate for the cost of your livestock mortality insurance, since policies vary so widely. The cost of your coverage depends on many factors, like:

• Purchase price of the insured livestock
• Amount of insured livestock
• Current value or death benefit for insured livestock
• Policy deductible amount and coverage limits
• Age and health of insured livestock
• Your farm’s unique risk level and operations

Your Kentucky independent insurance agent can help provide exact quotes for livestock mortality insurance in your area.

Here’s How a Kentucky Independent Insurance Agent Can Help

Independent insurance agents are fully equipped to protect farmers against commonly faced liabilities. Kentucky independent insurance agents shop multiple carriers to find providers who specialize in livestock mortality insurance. 

They can deliver quotes from a number of different sources and help you walk through them all to find the best blend of coverage and cost.