Deterioration of Stock
Get a Quotation
Please provide the following documents to get a quotation:
- Completed Brokerage of Record filled, signed and stamped
- Copy of Commercial Registration
- A completely filled Proposal Form, signed and stamped
- Loss record for the past three years
Cover is provided for loss or damage to stock due to deterioration, putrefaction or contamination caused by an Accident.
Risks Covered
A rise or fall in temperature as a result of:
- Damage to or a fault in the refrigeration system
- Damage to the structure of the cold chamber
- Accidental failure of the public electricity supply to the premises of the insured
- Failure of the electrical installation connecting the refrigeration machinery and controls to the electricity supply
Extensions
The policy covers the action of refrigerants or refrigerant fumes that have escaped from the system
Exclusions
- War, acts of terrorism, loss, damage or liability arising from nuclear weapons material and radioactive contamination
- Any loss arising from improper storage, damage to packing material
- Fire, lightning, theft, flood, earthquake
- Consequential losses
