Stud Stock Insurance
Specialist Stud Stock insurance for rma network Members and their clients, with cover options for higher-value breeding livestock purchased by auction or private sale.
Overview
Stud Stock cover for breeding livestock
Stud Stock insurance is designed for higher-value breeding livestock where the value of an individual animal may warrant separate cover. Cover can be arranged for livestock purchased by auction or private sale, with the available options depending on the animal, insured value and intended use.
For rma network Members, the benefit is having access to more than one underwriting option through RMA Insurance Brokers, so the cover can be arranged to suit the circumstances of the livestock and the sale.
Underwriting options
Stud Stock underwriting options
RMA Insurance Brokers can access Stud Stock cover through Allstate Underwriting Agency and Rural Affinity. Cover, eligibility, terms and pricing can differ between the two options.
Features & Benefits
- Excess options from 0% to 25%
- Theft cover is automatically included
- Mortality-only options are available for cows and ewes
- A mortality option including parturition is available for cows
- Loss of Use options include Accident Only and Accident & Illness
- Herdcover options may be available outside standard individual Stud Stock cover
These are summary points only. Cover is subject to the applicable Allstate policy wording, terms, conditions, limits and exclusions.
Supporting documents
Features & Benefits
- Under construction
These are summary points only. Cover is subject to the applicable Rural Affinity policy wording, terms, conditions, limits and exclusions.
Supporting documents
How to arrange cover
Submitting a Stud Stock application
The application process depends on how the livestock is being purchased and the underwriting option being used. The applicable calculator or application needs to be completed in full, together with any supporting information required for the sale.
Information to have ready
Having the required information ready helps ensure the application can be completed accurately and in full, allowing RMA Insurance Brokers to progress the cover efficiently.
- Sale type, date and venue
- Animal type and relevant lot details
- Purchase price or proposed sum insured
- Cover type and period required
- State and address where the livestock will be located
- Insured name, ABN and contact details
- Any additional insured or interested party
- Relevant livestock claims history
- Information required to complete the applicable underwriting and disclosure questions
Auction and fall-of-hammer sales
For auction purchases, complete the applicable calculator or application and provide the supporting sale information required for the livestock being insured.
- Completed calculator/application
- Sale catalogue front cover
- Relevant catalogue pages showing the purchased animal or lot details
- Completed disclosure information with the insured
Cover should be arranged before the livestock leaves the sale environment so the required information can be submitted and cover confirmed.
Additional animal identification information, such as date of birth or brand/tattoo details, may be required depending on the underwriting option.
Private sales
For private sales, additional information may be required before cover can be bound. Contact RMA Insurance Brokers before arranging cover so the application requirements can be confirmed.
Member support
Need help arranging Stud Stock cover?
If you need help preparing a Stud Stock application, RMA Insurance Brokers can assist with the information and supporting documents required for the underwriting option being used.
If you are unsure what is needed or what the next step is, contact us and we can guide you through the application process.
Related Member insurance
Other Member insurance to consider
The information on this page is general and does not take into account your objectives, financial situation or needs. Consider whether the information is appropriate for you. Cover is subject to the terms, conditions, limits and exclusions of the relevant policy. Insurance products and available cover vary between insurers. Review the relevant policy documentation before making a decision.