DETERIORATION OF STOCKS INSURANCE

The insurance of “deterioration of stock in cold storage” is designed to meet the requirements of those who want to insure themselves against deterioration of goods in cold storage due to a breakdown of refrigerating machinery.

Deterioration of stock insurance is a complementary cover to machinery insurance and may only be taken out in connection with the latter. It is possible to extend the deterioration of stock cover to include deterioration due to the failure of the public power supply, provided the position regarding public and back-up power supplies is found to be satisfactory.

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