Insurance of livestock against death through accident or disease. Insurances usually relate to horses and cattle, but pigs and sheep can be covered. A fresh proposal is obtained each year. The main categories are: horses; hunters and polo ponies; foaling risks; bloodstock; cattle; transit and show risks; castration.
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The class of agricultural insurance that is based on the provision of mortality cover for livestock due to named disease(s), and accidental injury. Insurance cover is normally restricted to adult animals and may be taken out on an individual animal or herd basis. Major Classes of insured livestock include dairy cattle, sheep, goats, pigs, camels, etc. Refer also “Cattle Insurance.”
Tag: RAW
Livestock insurance (Property Insurance)
Insurance that provides a lump sum benefit to the insured if an animal listed in the policy dies from one of the perils specified in the contract.
Livestock Mortality Insurance
The equivalent of life insurance for livestock.
Livestock mortality insurance (Property Insurance)
Insurance on livestock that is essentially life insurance for animals.
Livestock Transit Insurance
Insurance against accidents causing death or crippling on shipment of livestock while in transit by rail, trust, or other similar means of transportation.
Livestock transit insurance (Property Insurance)
Insurance that covers accidents that kill or cripple livestock as they are being transported by rail, truck, or other comparable means.
Living benefit rider
Insurance policy provision that allows the insured to receive all or part of the policy’s death benefit before the insured’s death dependent on specific conditions. This type of rider may be used to help an insured individual pay medical expenses if he or she develops a terminal illness.
Living benefits
See: accelerated benefits .
Living benefits rider (Health Insurance)
A rider that provides long-term care benefits for an insured person who is terminally ill, when attached to a life insurance contract.
Living donor kidney transplant
Surgical procedure of excising a kidney from a living donor and implanting it into a suitable recipient.