FIRST BREEDING
SEASON INSURANCE
MORTALITY AND LOSS OF USE COVERAGE
Power Genetics Co. has arranged to make Insurance available for the first breeding season for all bulls sold in our spring 2008 bull sales. The coverage will provide traditional Full Mortality coverage for death from all natural and accidental causes including life-threatening injuries. The coverage has been extended to include Loss of Use for the first breeding season.
The coverage will be available sale day for those who choose to insure their bulls. The policy will insure Full Mortality of the bulls from the date of sale until September 1, 2008. All mortality claims will require a veterinarians examination. Under the Loss of Use extension of coverage, the bulls inability to naturally service cows must be diagnosed by a veterinarian and immediately reported to Power Genetics Co. A claim shall occur if after fourteen continuous days following the date of diagnosis and first report, the bull cannot be returned to natural service. Loss of Use Claims will be settled at 80% of the purchase price until July 15, 2008, and 60% of purchase price after July 15, 2008.
The cost of the coverage is 10% of the purchase price of each bull. Power Genetics Co. will pay 5% of the purchase price or one-half the cost of the coverage. Thus, the cost of coverage to each buyer will be 5% of the purchase price. This amount will be added to the cost of your bulls at settlement if the insurance is requested.
Buyers who do not request this coverage sale day will not have Loss of Use Coverage available at a later date. To be eligible for Loss of Use Coverage, a bull must have been determined to be a sound breeder by passing a breeding soundness evaluation as outlined by the Society for Theriogenology.
Salvage, if any, belongs to Power Genetics Co. Injured bulls shall be returned to Power Genetics Bull Test Center or Power Genetics Marketing Specialist before settlement can be made.
Bull ID:______________ Value:_____________ Bull
ID:______________ Value:______________
Bull ID:______________ Value:_____________ Bull
ID:______________ Value:______________
Bull ID:______________ Value:_____________ Bull
ID:______________ Value:______________
Insured:_____________________________________ Insurer: Power Genetics Co.
P.O.
Box 159
(800)
283-2806
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Signature of Insured Power
Genetics Co. Representative