Subject of insurance

Domestic animals in intensive breeding per types and categories (equidae, bovine, sheep, goats, swine, bees, dogs, trouts, pheasants, minks, turkeys, guinea fowls, peacocks and poultry), bees, dogs, trouts, pheasants, minks as well as wild and exotic animals in and outside the zoos. To be eligible for insurance, the animals have to be healthy, fit for purpose and marked for identification according to valid legal regulations.

Insurance types and periods

Animal insurance can be taken out by legal entities and individuals. Individuals can also take out the insurance coverage via a Policyholder. The insurance is concluded to the fixed period of one year or shorter (short-term insurance) or to a longer period (5 and 10 years – multi-annual insurance). Offspring and feeder categories are only insured to the period shorter than one year (broilers, ofsprings of turkey, guinea fowls and pheasant, all feeder categories).

Standard and additional risks

Standard risks are:

  • illness (other than illnesses regulated under the Law on Veterinary Matters).
  • accidents (for the purpose of the General Terms and Conditions, an accident shall mean any sudden event occurring beyond the will of the insured that affects the insured animal from the outside and results in its illness, medical treatment, forced slaughter, killing or death).

Additional risks are defined under the Special Terms and Conditions for Animal Insurance (Insurance against theft i.e. missing dogs, Insurance of male breeding animals against the loss of breeding capacity, Insurance against the loss of breeding capacity of heifers and cows, Insurance against the loss of calf or foal at delivery). The consequences of the risk occurrences include death, forced slaughter or killing out of necessity, and forced slaughter for economic reasons).

The insurance of animals against the additional risks can be written only as a rider to the insurance of animals against standard risks.
Insured risks are specified under the Article 21 of the General Terms and Conditions for Animal Insurance.

Insured value
The value of animal head (which represents the upper limit of the sum insured) is deemed market value of the head at the moment of contract conclusion and cannot exceed the actual value of the animal head. Young animals are insured to the value they will reach by the end of insurance period. The Insurer reserves the right to limit the sums insured for particular animal types and categories.

Exclusions
This insurance cannot be concluded for animals diagnosed with or allegedly suffering from any diseases. Excluded are any losses due to irregular and poor nutrition, poor housing conditions, untimely treatment of diseases, surgical interventions and treatments performed by laymen, as well as due to earthquake, nuclear explosion, theft or missing animals etc.
Excluded perils are listed under the Article 22 of the General Terms and Conditions for Animal Insurance.

Insured’s rights and obligations

In case of insured occurrence, the Insured person is entitled to indemnity. Upon the insured occurrence, the owner is obliged to take the required steps for animal treatment and/or potential maximal usage of salvaged parts upon the animal’s death/forced slaughter. Forced slaughter for economic purposes is done only upon the written consent of the insurer’s veterinarian. Insured is obliged to allow the insurer to carry out regular controls and inspections.
The Insured’s obligations in case of a disease of an insured animal head, or of an insured occurrence, are stipulated under the Article 27 of the General Terms and Conditions for Animal Insurance.

Insurance premium payment

The method of premium payment is agreed by and between the Insurer and the Insured/Policyholder at the moment of contract conclusion. Depending on the agreed method of payment, the Insured may become entitled to a premium discount.

Example of premium statement

The premium after taxation for one breeding cow whose market value is RSD 120,000, kept under optimal conditions, insured to a period of one year against standard risks equals RSD 8,505.