If you are raising farm animals like chickens, goats, pigs, cattle, etc. it is highly recommended that you insure your farm animals. If you have insured your animals and if the insured animal dies from disease and accidents, you can get financial compensation.
Let say, you are raising 100 chickens and 90 percent of chickens die due to avian influenza. If you have insured your chicken for $1000, you can get 70-100 percent financial compensation, in other words even when your chickens die, you can get $700-$1000 from the insurance company. In case nothing happens to your chicken during the insured period, all you have to lose is the premium you have paid to the insurance company. Generally speaking, the premium is less than 10 percent of the insured amount.
Insuring your livestock can help you recover the financial loss if anything happens to your animals.