Deterioration of Stock Insurance

The cover indemnifies the insured against physical loss or damage to stocks such as frozen foods and other chilled and frozen items which are destroyed due to unforeseen or sudden breakdown of refrigerating equipment.

The Deterioration of Stock Insurance is designed to provide coverage against damage or loss from deterioration of stocks in a controlled temperature due to the breakdown of refrigerating equipment / machinery.  

In order to have a full understanding of the nature and scope of coverage it is recommended that policy wordings may be referred to, or, contact our technical staff who would be happy to assist you.  

Premiums are calculated on the basis of factors such as value of stock in cold storage, age and condition of refrigerating machinery, location, construction of building, nature and type of risk, industry experience, previous loss history etc.