Deterioration of Stock in Cold Storage - customer
Deterioration of Stock in Cold Storage Insurance
Coverage may be required by: owners or tenants of cold-storage houses; firms in which products are manufactured or processed such as meat and fish processing industries; food preservation industry and chemical and pharmaceutical industries (finished and semi-finished products).
All goods suitable for storage in cold-storage houses may be covered, the largest category being food.
Deterioration of Stock insurance is a complimentary cover to machinery insurance and may only be taken out in connection with such insurance.
Sum Insured is equal to the estimated maximum selling price obtainable for the stored goods during the period of this Policy, such maximum selling price being indicated in the schedule submitted by the Insured prior to the commencement of insurance.