What Is Livestock Insurance?

Livestock insurance takes cattle, horses, mules, donkeys, pigs and other livestock as insurance targets. Livestock insurance is a type of agricultural insurance that covers the loss of livestock due to illness or other accidents (wind, rain, water, fire, etc.). According to the needs of the insured, various additional risks can be insured, such as livestock disability and medical expenses insurance, slaughter insurance (after the slaughter is found to not meet the requirements prescribed by the health authority), litter insurance, castration insurance, epidemic disease insurance Loss insurance of consequences of epidemic diseases, livestock transportation insurance, exhibition insurance, etc.

Livestock insurance

Livestock insurance takes cattle, horses, mules, donkeys, pigs and other livestock as insurance targets. Livestock insurance is a type of agricultural insurance that covers the loss of livestock due to illness or other accidents (wind, rain, water, fire, etc.). According to the needs of the insured, various additional risks can be insured, such as livestock disability and medical expenses insurance, slaughter insurance (after the slaughter is found to not meet the requirements prescribed by the health authority), litter insurance, castration insurance, epidemic disease insurance Loss insurance of consequences of epidemic diseases, livestock transportation insurance, exhibition insurance, etc.

Chinese name

Livestock insurance

Object

Cattle, horse, mule, donkey, pig, etc.

Definition

Agricultural insurance

Function

To bear the loss of livestock due to disease

(Released by the People's Insurance Company of China in 1982)

Article 1 Insurance Purpose

In order to meet the needs of rural economic development, insurance is used to guarantee the normal operation of animal husbandry production and management. This insurance is specially organized.

Article 2 Insurance Object

All the animals (cows, horses, mules, donkeys) owned or raised by the whole people, collectively owned units and individuals (that is, the insured) can meet this insurance:

1. Feeding management is normal, no disability, disease, and qualified by the veterinary department.

2. The insured age for all kinds of livestock is at least one year old, and the maximum insured age is generally as follows:

Ox: thirteen years old; buffalo: fifteen years old; horse: thirteen years old; mule: fifteen years old; donkey: eleven years old.

3. The insured shall insure all the livestock that meet the above conditions.

Article 3 Liability for Insurance

I. Due to fire, lightning strike, explosion, snow disaster, hail, flood, earthquake, ground subsidence, cliff collapse, mudslide, tornado, falling of airborne objects and collapse of fixed objects, beast injury, fighting, collision, choking, poisoning, drown , Electric shock, fall, or death of livestock.

2. Livestock death due to disease, fetal birth, castration.

Third, the local government ordered the killing and burial due to infectious diseases.

Article 4 Exclusions

The insurer is not liable for death, disability or loss of the insured livestock caused by:

1. Intentional behavior of the insured and his family members or breeders;

2. Stolen and lost.

Article 5 Duration of Insurance

The insurance period is limited to one year. It starts at 00:00 on the day when the policy begins on the policy and ends at 24 o'clock on the expiration date of the policy. Renewal of the term expires.

Article 6 Amount of insurance

The amount of insurance for insured livestock shall be determined according to the following standards:

1. The livestock of state-owned and collective units are underwritten at 70% according to the net book value at the time of insurance or the value estimated through negotiation.

2. Individual livestock cannot exceed 70% of the underwriting price at the time.

3. The insurance amount shall be reassessed when insurance animals are renewed.

Article 7 Insurance premiums

1. Calculate and collect according to the livestock insurance premium rate stipulated by the insurer (with attached rate table).

2. During the period of validity of the insurance, the livestock of the insured must be applied to the insurer for approval procedures when the quantity of insurance is increased or decreased, the use is changed, or the insurance amount needs to be adjusted. The unexpired premiums charged or refunded will be calculated on a daily basis. Calculation.

Article 8 Obligations of the Insured

I. The insured shall strictly abide by the regulations of the relevant departments on the protection of livestock and the reasonable suggestions put forward by the insurer, strengthen the management of livestock breeding, make reasonable use of the livestock, and do a good job of epidemic prevention and disaster prevention. Treat sick and injured animals in a timely manner and take proper care of them.

2. The insured shall pay the insurance premium at the same time as signing the insurance policy.

3. If an insured animal has an accident within the scope of insurance liability, the insured shall actively take rescue measures and immediately notify the insurer.

If the insured fails to perform the above obligations, the insurer has the right to terminate the insurance liability or refuse compensation.

Article 9 Treatment of Compensation

I. If an insured animal has an accident within the scope of insurance liability, the insured must provide the insurer with an insurance policy, diagnostic certificate and relevant certificates when applying for compensation.

2. In the event of death within the insurance liability of the insured livestock, the compensation shall be paid in accordance with the insurance amount contained in the insurance policy.

3. Insured livestock In the event of injury or death within the scope of insurance liability, the body is generally handled by the insured in accordance with the relevant regulations of the veterinary department. Its residual value is deducted from the compensation according to the following rules:

1. For casualties caused by natural disasters, accidents, and births and castration, the residual value is deducted based on 20% of the insured amount (50% for meat and livestock).

2. Deaths due to illness and edible residual value are deducted at 15% of the sum insured (meat and livestock are deducted at 30%).

3 If the government ordered the killing and burying due to infectious diseases, and the relevant department grants subsidies, the compensation shall be deducted from the compensation.

4. In case of casualties within the insurance coverage of livestock, if the number of insured animals is lower than the actual number of inventories that meet the requirements for insurance, and it is difficult to distinguish whether or not the injured animals have participated in the insurance, the insurer will follow the insured number and the actual inventories. Number of payments.

V. Insured livestock should be compensated by a third party for casualties within the scope of insurance liability, and the insured shall actively seek compensation from the third party. If you fail to recover the compensation after one month. The insurer may pay in advance according to the relevant provisions of this clause, but the insured must transfer the recovery right to the insurer and assist the insurer to recover from the third party.

6. After the insurance parties have reached an agreement on the amount of compensation, the insurer shall pay within 15 days. If the insured does not receive the compensation within six months, it is deemed to have waived its rights and interests, and the insurer will not pay.

Article 10 Rewarding Animals

In order to encourage the insured to strengthen the management and management of insured livestock, those who have been rated as county-level advanced collectives or individuals and model animals-loving animals can be given appropriate rewards when the insurance is renewed.

Article 11 Disputes

Disputes between the insured and the insurer shall be settled through consultation in a spirit of seeking truth from facts. When the two parties cannot reach an agreement, they may submit the dispute to an arbitration agency or court.