What is Livestock Insurance?
Livestock Insurance covers against losses due to accidental death, diseases of terminal nature, emergency slaughter on the advice of a recognized veterinary surgeon and theft of livestock in raising units or paddocks. It covers dairy cattle, beef cattle, poultry, pigs, sheep, and goats.- Insured farmers are better placed to invest more in Livestock production projects since their investments are secured by insurance.
- Insured farmers have greater access to Livestock improvement loans since a Livestock policy document is accepted by financing institutions as an alternative form of security.
- In the event of loss of livestock brought through a finance facility, both the farmer and the financing institution don’t loss since insurance pays the loss.
- Request for a quotation
- Download and fill the proposal form
- Submit identification documents (Driving license, National ID, Passport, and TIN certificate)
- Premium payment
- Sign contract
- The first 10% of loss for each and every loss
- The first 20% of the loss for theft
- Famine, malnutrition, and feed poisoning
- Impotence and infertility
- Prior diseases and deformities
- Any death due to neglect and prior husbandry practices
- The premium rate depends on livestock type and population.
- The veterinary and evaluation report act as a basis for determining the sum insured.
- A current veterinary and valuation report from a registered veterinary surgeon
- Identification by ear tags, tattoos, or any other practical mode of identification.
- Completed application form and payment of the premium.
- In the event of loss notify UAP or your Agent/Broker immediately.
- Disposal of the carcass before a postmortem examination amounts to no loss.
- In the event of theft, the insurance will require a period of 6 weeks to allow for recovery before the settlement of the loss.