www.infinitefins.com:

FAQs

tPara"> The Deterioration of Stock policy is subject to certain warranties:

There should an annual inspection of the chambers by the duly appointed inspectors.
There must be a current and unqualified permission for the operation of the plant.
The policyholder must inform of any abnormalities in the working of the plant that might be likely to result in a rise in temperature.
In case it is proved that the stock was affected by any infection or disease, all the benefits under the policy will cease.
The policyholder should take care to maintain the temperature at the specified level.
The policyholder should not accept any stock for storage that has been kept in the sun for more than its dormancy period.
In case there is an accident resulting in a claim under the policy, conscious efforts must be made to minimise the loss by segregation and disposal of affected stocks as well as making arrangements for storage in alternate place.