Madison Livestock Insurance – Protect Your Valuable Animals
Livestock farming plays a crucial role in Kenya’s agricultural economy, providing food, income, and employment. However, farmers face numerous risks such as disease outbreaks, theft, accidents, and natural disasters that can lead to significant financial losses. To mitigate these risks, Madison Livestock Insurance offers tailored coverage designed to protect your valuable animals and secure your investment. This insurance enables farmers to expand confidently, knowing their livestock is safeguarded against common perils.
Key Takeaways
- Madison Livestock Insurance covers dairy cattle, beef cattle, security dogs, sheep, and goats
- Protection against accidental death, terminal diseases, theft, and natural disasters
- Premiums start from KES 5,000 per animal
- Step by Step Insurance acts as your intermediary for personalized service
- Insurance improves access to credit as policies can serve as alternative security
Table of Contents
What Does Madison Livestock Insurance Cover?
Madison Livestock Insurance covers a variety of livestock types and a wide range of risks, ensuring comprehensive protection for your animals.
Livestock Covered
| Animal Type | Coverage Eligibility |
|---|---|
| Dairy cattle | Age 90 days to 8 years |
| Beef cattle | Age 90 days to 8 years |
| Security dogs | Age 90 days to 3 years |
| Sheep | Age 60 days to 5 years |
| Goats | Age 60 days to 5 years |
Covered Risks
| Risk Type | Description |
|---|---|
| Accidental Death | Including lightning strikes, internal and external injuries on the farm or during transit, fire, windstorms, snake bites, and flooding. |
| Diseases of Terminal Nature | Protection against incurable diseases that lead to death. |
| Emergency Slaughter | When advised by a registered veterinary surgeon to prevent undue suffering. |
| Calving Complications | Losses resulting from difficulties during birthing. |
| Theft of Livestock | Covers loss due to theft. |
| Epidemics | Protection during disease outbreaks affecting multiple animals. |
Policy Requirements
To apply for Madison Livestock Insurance, the following are required:
- A recent veterinary and valuation report from a registered veterinary surgeon.
- Identification of livestock through ear tags, tattoos, or bolus.
- A completed application form and payment of the premium.
- Age limits for insured animals:
- Cattle: 90 days to 8 years
- Goats & Sheep: 60 days to 5 years
- Security Dogs: 90 days to 3 years
Policy Benefits
Madison Livestock Insurance offers several key benefits to farmers:
- Investment Security: Farmers can invest more confidently in livestock production projects knowing their animals are protected.
- Access to Loans: The insurance policy document is accepted by financial institutions as alternative security, improving farmers’ access to credit.
- Risk Sharing: In the event of loss on financed livestock, both the farmer and the lending institution are protected financially, reducing potential losses.
What Is Not Covered?
Certain losses and conditions are excluded from coverage:
- The first 10% of loss for each and every claim under general losses.
- The first 20% of loss for theft claims.
- Losses due to famine, malnutrition, and feed poisoning.
- Losses from impotence and infertility.
- Pre-existing diseases and deformities prior to policy inception.
- Death caused by neglect or poor husbandry practices.
Policy Premiums
Premiums for Madison Livestock Insurance depend on:
- The type of livestock insured.
- The number of animals covered.
- A minimum premium of KES 5,000 per animal applies.
- The sum insured is determined based on the veterinary report provided.
Related Article
Learn about how the World Bank is supporting Kenyan livestock farmers with insurance payments.
Read More →How Step by Step Insurance Supports You as an Intermediary
Step by Step Insurance acts as your trusted intermediary, simplifying the process of securing Madison Livestock Insurance and ensuring you get the right coverage for your needs.
- Personalized Consultation: We assess your livestock portfolio and risk exposure to recommend the best insurance options.
- Application Assistance: Our experts help you prepare veterinary reports, complete application forms, and submit premiums.
- Policy Customization: We tailor your policy to fit your livestock type, numbers, and farm operations.
- Ongoing Support: From policy renewals to claims assistance, we provide continuous support.
- Claims Advocacy: We guide you through the claims process with APA to ensure timely and fair settlements.
Comparison with Other Insurance Providers
| Feature | Madison Livestock Insurance | Other Providers |
|---|---|---|
| Minimum Premium | KES 5,000 per animal | Often higher minimum premiums |
| Age Range | From 60-90 days up to 8 years (depending on animal) | Usually more restrictive age ranges |
| Theft Coverage | Included (20% excess) | Often excluded or higher excess |
| Epidemic Coverage | Included | Sometimes excluded |
| Support | Full support through Step by Step Insurance | Varies by provider |
Compare further with Madison’s official livestock insurance page for the most up-to-date information.
Frequently Asked Questions
Secure Your Livestock Investment Today
Protect your valuable animals with Madison Livestock Insurance and enjoy peace of mind knowing your investment is secure.
Conclusion
Madison Livestock Insurance is a vital tool for Kenyan farmers seeking to protect their livestock investments against a range of risks including accidental death, theft, disease, and natural disasters. With flexible coverage, clear policy requirements, and the support of Step by Step Insurance as your intermediary, you can confidently grow your livestock business while minimizing financial risks.
