Deterioration of Stock Insurance

(In freezers / cold rooms), when vegetables, fruits, fish and other articles have to be preserved over a period  of time under controlled temperature to prevent rotting or sprouting. Insurance is needed against deterioration  of such stocks. This may arise due to the breakdown, failure of refrigerating machinery due to any accidental damage or failure of power.

The insured is indemnified for the damage caused to the stocks by deterioration, contamination or rotting.  This is usually due to an accidental damage to the plant resulting in a rise in temperature.