Livestock

Livestock is defined as domesticated animals reared for the production of fibre (sheep) or food (cattle and sheep) or for its labour (horses).

If a person is raising livestock then even if they have a small acreage it is likely to be regarded as a farm-type policy. This will require special liability coverage and can affect the rate for the home. Usually the rate is higher for farm policies. So if you can negotiate it with the underwriter to give you a liability extension and stay with regular homeowner rates you are usually better off.

Livestock can also be insured individually for mortality. If you have a herd of animals then you should discuss these options with your agent or broker. Again, you may be able to purchase a separate insurance for your particular animal and still keep the homeowner rates. You need to figure out what works best for you.