Cover goods in
cold storageDo you own or use cold-storage
facilities? This solution is just for you.

What is Deterioration of Stock Cover?

The Deterioration of Stock Cover is a policy structured to protect businesses, that store goods in cold storage, from losses due to breakdown of refrigerating machinery.
What's in it for you?
  • The cover indemnifies for deterioration of stock due to rise or fall in cooling temperatures of the cold storage facility.
  • It also covers unforeseen and sudden escape of refrigerants into the cold-storage rooms.
boxes in a containerHow does it work?

This policy safeguards against any loss or damage to perishable goods kept in cold storage that deteriorate due to unforeseen physical loss of or damage to the machinery specified in the list of machinery.

man pushing boxes in a storage facility

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Want to know more about Deterioration of Stock?The questions below will provide more insight into the product.
    • The cold storage facility in which the perishable goods are to be kept should be insured under a Machinery Breakdown Policy.
    • Perils commonly covered under a property policy such as fire, explosion, lightning, flood, theft, etc are excluded
    • Trade losses caused by a failure of electricity supply caused by the deliberate act of the supplier, drought, rationing or industrial action
    • Damage caused by the insureds wilful act or wilful neglect
    • Damage caused by faulty packing
    • Trade losses
    • Any consequential losses such as penalties for delay or loss of profits