Livestock Insurance

1
Livestock Insurance

• Amy White
• Ivan Anderson
• John Horbach

2
Livestock Insurance

• Recap
• Indiana Code 27-5
• Everyone can start one
• Articles of Association
• 100,000-500,000 capital
• Restrictions

3
Common Coverages

• Shipping Fever
• Brucellosis
• Vesicular Stomatitis
• I.B.R
• Mortality

4
Mortality Insurance

• Investment vs. Potential Gain or Profit
• Loss of Ability to Perform Functions
• Accidental Death
• No Veterinary Expenses
• Ineligibility

5
Cost of Insurance

• Insure all cows and heifers (12 mths )
• Cost per Animal
• based on Herd Value
• includes loss of income
• Minimum Premium
• Premium Discounts

6
Claims

• Example Claim
• Notice of Claim
• Adjustment of Claim
• Loss of Income Benefit
• Discount as a Result of a Claim

7
Matt Bauer

• Lack of Insurance for most
• Basic Farm Coverage
• Covered Claims
• Shipping Coverage
• Conclusion

8
The End