Livestock Insurance

Although live stock insurance has been written both in the United States and in European countries for a number of years, this form of protection is still in somewhat of an experimental stage, and in all probability will always remain in that condition to a greater or less degree, due to the continued and frequent changes in live stock conditions. During its earlier history in the United States, practically all live stock insurance was written on draft horses, consisting of farm work horses, and breeding stock, but with the advent of the tractor, the farm horse values dropped to comparatively nothing, and with them went the values on pure-bred draft stallions and brood mares, resulting in the loss of nearly all of this source of revenue to the companies writing this class of business.