The NTI Marine Livestock Transit Accidental Loss Insurance Policy is a plain language wording designed to protect livestock against death and physical injury during a transit. Vendors, buyers and livestock farmers will receive a market leading policy wording incorporating commonly requested extra covers, a competitive premium rate and most importantly a NIL excess. What is covered? Livestock is covered for accidental loss during transit including:

• commercial stud livestock up to a limit any one Animal of $20,000 (at a higher rate)

• death, physical injury or slaughter for humane reasons

• death, physical injury or slaughter due to an uncontrollable (berserk) Animal

• theft, pilferage and non-delivery

• loading and unloading

• escape from an accident site

What type of Livestock can be insured? Providing your Animals are in a good state of health and fit for transport, this insurance covers most types of Livestock up to a maximum limit any one conveyance of $250,000. What are the Extra Covers? The policy wording includes Additional Benefits. Following a claim, cover is also extended to include:

•  in the case of injury, the cost of agisting to bring these Animals back to their condition prior to the loss or the agreed depreciation in value if they are sold as injured Livestock

• the cost of mustering your Livestock up to a limit of 25% of the Sum Insured involved

• clean up and disposal costs up to a limit of $50,000

• costs paid by you to avoid or minimise any further loss

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NTI Marine Livestock Transit Policy Wording

Download the Document

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Monaro Livestock & Property's policy ensures that all livestock bought or sold through our organisation is automatically covered unless we receive written notice from you stating that you wish to opt-out.

When completing our trading agreement form, you will have the option to decline this coverage. If you choose to opt-out, Monaro Livestock & Property will not be responsible for any livestock losses during transit or any discrepancies upon delivery of purchased or sold livestock.

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