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Deterioration of Stock Insurance

Our Deterioration of Stock Insurance protects your frozen stocks for the loss against sudden and unforeseen damage of coolers, deep freezers and like machinery resulting in a rise in the temperature and causing deterioration, contamination or rotting.

For whom this policy is issued:
  • » Cold Storage Owners, Supermarkets, Logistics handlers.
Interest Covered:
  • » Frozen stocks or Stocks in cold storage.
Risk covered under the policy:
  • » Loss to frozen stocks due to sudden and unforeseen breakdown of cooling unit.
Period of cover:
  • » 12 Months
Excess or Deductibles:
  • » First 3 Days
Individuals:
  • » Loss of use of Cold Storage
  • » Willful misconduct, intentional damage, or deterioration if the stocks are declared unsuitable for cold storage by the order of Govt
  • » Political Risk of any kind
  • » War and Terrorism
  • » Nuclear Risk
  • » Pollution, Leakage and Seepage
  • » Wear and Tear, Depreciation
  • » Damage or liability occasioned by inherent vice, natural deterioration or overloading
Price (Premium) we collect/ Basis :
  • » Please call for our quote
    Rate depends upon the project, location, period and value
In case of Claim:
  • » Immediately
    • » Inform our nearest office, protect and minimize the loss whateverhowever you can.
    • » Protect the damaged property till Insurance Surveyor arrives.
  • » Subsequently
    Submit the below documents:
    • » Police Report
    • » Estimates for Damaged items or Repair
    • » Investigation Report if any
    • » Any other relevant document that Insurance surveyor or Company requires

NB:- The above details are for the brief illustration only. For full information on terms and conditions of insurance, please refer to the policy wording or contact with our technical team by email info@aman.ae

News
Notification from the Company
Dubai , Friday 15 November 2024
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Results of BOD meeting 14/11/2024
Dubai , Thursday 14 November 2024
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BOD meeting on 13/11/2024
Dubai, Tuesday 05 November 2024
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SCA’s announcement
Dubai , Monday 21 October. 2024
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Results of BOD Meeting
Dubai, Wednesday 09 October 2024
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