Barn burned down - lost all our hens, need help with value

Discussion in 'General breed discussions & FAQ' started by daytonfarm, Jan 18, 2010.

  1. daytonfarm

    daytonfarm Chillin' With My Peeps

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    We lost all our hens(18) wed night in a barn fire. Most of the hens were purchased as chicks from hatcheries in April 09 and my son took them to the fair this past summer. The austrolorps won champion, the wyandottes won champion and reserve, non of them got below a third. How should I put a value on them for insurance purposes. Any ideas?
     
  2. blackdotte

    blackdotte Chillin' With My Peeps

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    Replacement cost.
     
  3. texasgal

    texasgal Brood with an Attitude

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    I don't have answers for you, but wanted to say sorry for your loss ...

    [​IMG] to your son.
     
  4. usschicago1

    usschicago1 Suburban Cochins

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    I would do how much it would cost presently to buy them from the same hatchery.
     
  5. LarryPQ

    LarryPQ Easter Hatch!!

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    Replacement cost, based on the age of the chooks. Saying you can replace them for $1.50 undervalues your animal, but saying you can sell the champion for $50 would raise eyebrows. So if laying hens in your area are $10-15, then use the inbetween number of $12.50.

    OR- you can call a few insurance carriers and ask their advice. It is best not to draw the audit.

    SOrry about your loss.
     
  6. americana-chick

    americana-chick Chillin' With My Peeps

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    [​IMG] I would go with what LareePQG said.
     
  7. Brunty_Farms

    Brunty_Farms Chillin' With My Peeps

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    Well... check with your insurance agency first because I know mine doesn't insure poultry... period. If I have livestock no problem... poultry no.
     
  8. Shared Acres

    Shared Acres Chillin' With My Peeps

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    I would look for other local breeders who have a similar quality and ask how much it would be to buy some off them.
     
  9. daytonfarm

    daytonfarm Chillin' With My Peeps

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    While he was at the fair he sold a pullet for $20, and she only placed 2nd. But it was one of those in the moment deals, where the kid wanted the prettiest chicken and I said $20 and they bought her. It was a buttercup. Do you think the insurance company would really checkup? All these girls had names and were really pets, do you think that would increase the price?

    Carolyn
     
  10. LarryPQ

    LarryPQ Easter Hatch!!

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    No, they would not increase the price. If anything, it would lower it. Poultry (or livestock) for food is an asset: a necessary cost of living. Poultry as pets is a luxury and an insurance liability: similar to why your homeowner's insurance goes up if you have pits, akitas, dobermans, or any type of "dangerous" pet. NOT that those pets are dangerous, just that the insurance company has statistics associated with those catagories with animals. For example- people who do not keep livestock, do not file insurance claims for animals lost in a barn fire.

    SO: go with REPLACEMENT COST. Again, this is not what you could sell them for. Possible sale price is highly variable and dependant on the buyer, which is never gauranteed. But, you can be sure what you WILL pay to get new chooks. That cost is measurable and can be accurately documented via feed stores, with reciepts, from hatcheries, etc.
     
    Last edited: Jan 18, 2010

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