Insured may be any legal entity or entrepreneur that has concluded a live stock insurance contract with Insurer.
Insurance contract is concluded for the term of up to one year.
It is accepted for insurance:
cattle;
horses;
pigs;
sheep
poultry.
The volume of Sum insured is determined by agreement between Insurer and Insured within the limits of the cost for insured live stock at the moment of concluding an insurance contract. The cost of live stock may be determined on the date of concluding the insurance contract by agreement of the parties through one of such methods as:
balance sheet value on the basis of Insured’s accounting reporting;
due to reference – bill, issued by a commercial organization, or a live stock purchase and sale contract;
due to an appraisal act of live stock cost, performed subject to Law.
Insurance tariff is determined taking into consideration kind of live stock that is accepted for insurance, their age group, chosen risks, amount of franchise and is within the limits 0,02% to 7,62% of Sum insured.
Voluntary live stock insurance is performed against any event of death, extermination, loss and / or forced slaughter, against all or separately chosen following risks:
Fires;
Stroke of lightning;
Explosion;
Act of Nature;
Action of electric current;
Drowning;
Falling into ravine;
Falling under moving motor vehicle;
Attack of wild animals and feral dogs;
Bite of snakes or poisonous insects;
Theft, robbery;
Occlusion of gastrointestinal tract as a result of foreign particles penetration of food character;
Poisoning at natural grassland by grass or chemical substances;
In case of insured live stock death, as the cost of dead, exterminated, lost live stock at the moment when an insured event occurs but not more than Sum insured.
In case of forced slaughter of insured live stock, as the cost of forcedly slaughtered live stock, with deduction of the cost for meat, sold and fit for use.
