What does Livestock Coverage Form mean? Read on to discover the definition & meaning of the term Livestock Coverage Form - to help you better understand the language used in insurance policies.
Livestock Coverage Form
An inland marine policy that pays for a covered loss or damages to "livestock" on a named perils basis. "Livestock" is defined as cattle, sheep, swine, goats, horses, mules, and donkeys, and a "loss" is defined as the death or destruction of the livestock. This form, available on a stand-alone basis, is a good option for a tenant farmer who has no agricultural real property such as farm houses and barns.
We hope the you have a better understanding of the meaning of Livestock Coverage Form.