The coverage afforded under a farm policy for the injury or death of livestock is often referred to as limited animal mortality coverage. Businesses that do not obtain this coverage under a farm policy may purchase it separately. Limited livestock insurance does not apply to the death of an animal caused by old age or disease. These risks can be insured under a full animal mortality policy or endorsement.
Full Animal Mortality insurance protects a livestock owner against the death of an animal, whether natural or accidental, by any cause that's not specifically excluded. Coverage includes illness, injury, sickness or theft. The premium is calculated based on the animal's sales price or appraised value. Some insurers offer loss of use coverage for certain types of animals.
When applying for full mortality coverage you will need to present a certificate of health provided by a veterinarian who has examined the animal. If you are renewing a policy, you will need to provide evidence that the animal remains healthy.
Full animal mortality coverage does not cover death caused by the owner or by a preexisting condition. Also excluded is death by order of a government entity, say to prevent the spread of disease. If you sell the animal, your insurance will not be transferred to the new owner.
Substantiation of Value: https://s0.hfdstatic.com/sites/the_hartford/files/Substantiation-of-Value-Cattle-LS16451211.pdf