Deterioration of Stocks (Potatoes)Deterioration of Stocks (Potatoes)

Deterioration of Stocks
(Potatoes)

  • Introduction
  • What’s covered ?
  • Why Choose HDFC ERGO?

Deterioration of Stocks (Potatoes)

Stocks are essential part of day today business activities. Due to intrinsic nature of Potatoes, it needs specific attention in storage.

HDFC’s DOS policy protects against deterioration, contamination or putrefaction (rotting) of perishable stock as a result of the unexpected rise in temperature brought about by the accidental failure or breakdown of the refrigeration plant. Existence of Machinery Breakdown insurance is prerequisite.

 

What's covered?

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DOS provide cover for loss or damage caused by deterioration or putrefaction or contamination of stock described in policy caused by accident.

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What's not covered?

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The policy does not cover any losses or damage due to:

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Extensions

 
  • Declaration Policy for 12 Months
  • Accidental failure of Public electricity Supply

Sum Insured

The sum insured under this policy shall be:

  • For Annual Policies :- The value of the stocks obtained by multiplying the full storage capacity of the Cold storage by the average price of the Potatoes at the time of loading as determined by the insured with the concurrence of the Company at the time this Insurance has come into effect. This price shall include storage charges for the whole season.
  • For Policies Issued for periods less than 12 months :- Value of stocks obtained by multiplying the full storage capacity of the maximum number of chambers that are likely to be used during the entire period by the average price of the potatoes at the time of loading as determined by the Insured with the concurrence of the Company at the time this Insurance has come into effect. The price shall include storage charges for the whole season.

Note:- For this purpose storage capacity of the cold storage shall be determined on the basis that ten quintals of potatoes can be stored for 100 cubic feet of space inside the chamber.

Excess

As per Policy and Nature of loss

Why HDFC ERGO?

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Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.
Why HDFC ERGO?

All the support you need 24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.
Why HDFC ERGO?

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.
Why HDFC ERGO?

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.
Why HDFC ERGO?

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Why HDFC ERGO?

Secured Over 1 Crore+ Smiles

Trust redefines relations at HDFC ERGO. We consistently strive to make insurance easier, more affordable and more dependable. Here promises are kept, claims are fulfilled and lives are nurtured with utmost commitment.

All the support you need-24x7

We understand that in times of distress, instant help is the need of the hour. Our In-house claims team provides round the clock support to ensure hassle-free claim experience. We ensure to be your constant support system in times of need.

Catering customer needs

Since, last 16 years, we have been catering to endless customer requirements endlessly. By providing wide range of plans and add on covers for every portfolio.

Transparency at its best

HDFC ERGO General Insurance claims are settled with utmost transparency and ease.

Awards

We have received ICAI Award of the Year for excellence in financial reporting FY:18-19
Awards & Recognition
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