FBD reports strong uptake for cattle theft insurance
Following repeated livestock theft incidents and demands from the IFA, FBD Insurance has been offering dedicated cover, with beef farmers most interested in the service
The IFA asked FBD to provide dedicated livestock theft cover.
ADVERTISEMENT
Livestock theft cover has been heavily advertised on FBD Insurance’s stands at shows across the country and Fergal Brady, sales executive for the Cavan and Monaghan area, told the Irish Farmers Journal there is strong demand for the product.
With a number of high-profile cases of cattle and lambs being stolen in the border area this year, farmers have been looking for ways of protecting themselves against the potential losses.
“If a beef farmer has 20 or 30 weanlings sitting in a field and they are worth €700 to €1,000 apiece, very quickly you are into large sums insured and large losses if it occurs,” said Brady. He added that dairy farmers were less of a target, because thieves make their money by selling the stolen animals for meat. There is no set price for the policies, and will depend on the value of animals insured and existing cover. An excess of €500 applies to each claim.
ADVERTISEMENT
Listen to the full interview with Fergal Brady
Register for free to read this story and our free stories.
This content is available to digital subscribers and loyalty code users only. Sign in to your account, use the code or subscribe to get unlimited access.
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
CODE ACCEPTED
You have full access to the site until next Wednesday at 9pm.
CODE NOT VALID
Please try again or contact support.
Livestock theft cover has been heavily advertised on FBD Insurance’s stands at shows across the country and Fergal Brady, sales executive for the Cavan and Monaghan area, told the Irish Farmers Journal there is strong demand for the product.
With a number of high-profile cases of cattle and lambs being stolen in the border area this year, farmers have been looking for ways of protecting themselves against the potential losses.
“If a beef farmer has 20 or 30 weanlings sitting in a field and they are worth €700 to €1,000 apiece, very quickly you are into large sums insured and large losses if it occurs,” said Brady. He added that dairy farmers were less of a target, because thieves make their money by selling the stolen animals for meat. There is no set price for the policies, and will depend on the value of animals insured and existing cover. An excess of €500 applies to each claim.
If you would like to speak to a member of our team, please call us on 01-4199525.
Link sent to your email address
We have sent an email to your address. Please click on the link in this email to reset your password. If you can't find it in your inbox, please check your spam folder. If you can't find the email, please call us on 01-4199525.
ENTER YOUR LOYALTY CODE:
The reader loyalty code gives you full access to the site from when you enter it until the following Wednesday at 9pm. Find your unique code on the back page of Irish Country Living every week.
SHARING OPTIONS