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What are the warranties under the deterioration of stock policy?

• 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.