If’s animal insurance is meant for insuring the following:
- bovine animals
- horses
- sheep
- pigs
- goats
Animal insurance is most needed by
- agricultural producers - replacing animals which have been killed as a result of fire, natural disaster, illness or any other accident is a very expensive process and very often agricultural producers do not have the means to be able to achieve this.
- borrowers - any interruption to production as a result of an accident means a drastic decrease in income due to which their ability to be able to continue the upkeep of loan payments may be compromised.
Insurance cover can also be obtained for the participation of an animal in competitions, at exhibitions, in training course, and at other events.