If you are a pet owner, you can insure your pet. This insurance will cover medical expenses of your pet as well as provide monetary compensation when your pet dies. However, pet insurance might not available everywhere. However, I believe farm animal insurance is available in all countries. This insurance policy compensates you if your farm animal dies. IN our country, 70 percent of farm animal insurance premium is subsidized by the government, and upon death of the animal farmers can receive 90 percent of the insured. The policy requires you to renew annually. Do you own animals, have you insured your animals?