1977 - Volume #1, Issue #5, Page #27[ Sample Stories From This Issue | List of All Stories In This Issue | Print this story | Read this issue]
Life Insurance For LivestockYou name it! Peter Ruhlen will insure it. He’s vice president of the unique Rhulen Agency, Monticello, N.Y., which has become the local “Lloyd’s of London” in life and other tailor-made insurance for livestock.
“Not many agents are into horse and cattle life insurance, and still fewer are willing to arrange breeding insurance for those animals. And scarcely any agents in the entire country will attempt to insure all types of animals,” Rhulen told FARM SHOW.
His latest new wrinkle is insuring embryo transplant recipients. “As the transplant operation becomes perfected and the cost is made affordable by the average cattleman, you’re going to see a significant turn-around in the quality of animals via this transplant medium. We, therefore, have designed a cover to protect the buyer or the owner of the host recipient, guaranteeing that it will have a live calf and that the calf will live six months.”
Because of the abnormally high risks involved, Rhulen takes special pains to know all he can about a particular animal and, as a result, may be one of the most knowledgeable horse and cattle breeding experts in the country.
Rhulen has clients in all 50 states, 13 European countries and his own world-wide Telex number and a WATS line to keep him in touch.
In many instances, he parcels single coverage of a highly valuable single animal to a number of different underwriting companies. He also provides liability insurance for a variety of entertainment and recreation operations using animals.
Rhulen emphasizes that there are two basic types of insurance. One is accidental death and the other is full mortality. “The best program for all-around protection is full mortality coverage, such as for death of an animal by sickness, accidental injury or loss due to theft. The other form is generally written to cover accidental death, such as an animal that dies in an accident, fire, or gets struck by lightning.
For more information on insuring one or more head of cattle, hogs, horses or other animals, contact: FARM SHOW Followup, Rhulen Agency, Peter Rhulen, Vice President, 217 Broadway, Monticello, N.Y. 12701 (ph 800 431-1270).
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