It is an insurance coverage that indemnifies the insured against loss or damage to insured stock during the period of insurance resulted from: accident, illness and disease, smoke, fire, lightning and windstorm
Property to be insured: Milk cows, calves/Heifers, Stud Bulls and Bullocks (castrated bulls)-whether indigenous exotic or cross-breed.
Period of Insurance: Annual Policy
Extent of Cover and Sum Insured: Agreed value of Livestock
Farmers who have livestock insurance can approach credit institution and access credit using their insured livestock as more dependable collateral. Livestock insurance will benefit not only farmers but also their creditors. Through livestock insurance the creditors will be saved from credit uncertainty/risk.