Deterioration of Stocks Insurance.
The policy covers Deterioration of Stocks in refrigerated cold rooms/chambers following an incident, which gives rise to a claim under the underlying Machinery Insurance Policy. Therefore, availability of a Machinery Insurance policy is a pre-condition for Deterioration of Stocks Insurance.
In addition to Monetary Excess, the policy is usually subject to Time Excess.
For more details on Engineering Insurance, please do not hesitate to e-mail Mr. Pothen Abraham, or call 04-2531549.