CNP ΑΣΦΑΛΙΣΤΙΚΗ - Deterioration of Stock

Deterioration of Stock

Deterioration of Stock

This is a comprehensive insurance program covering merchandise stored inside cold storage. CNP ASFALISTIKI insures the owners of merchandise stored in cold storage, by providing them the widest possible coverage through the Deterioration of Merchandise Insurance Policy.

A condition for coverage under the Deterioration of Merchandise Insurance Policy is to have an Insurance Policy for Machinery. This type of Insurance is included in the Shop Policy as an optional cover.

BENEFITS

Insurance of a Variety of Products

Possibility to insure various types of merchandise.

Widest Possible Coverage

The widest possible coverage is offered.

WHO IS THIS FOR

Shopkeepers, factory owners, hoteliers and others (businessmen, organisations such as supermarkets, kiosks, butcher’s shops, fruit markets, producers of ice-cream or pharmaceutical products, dairy farms, etc.). The Deterioration of Stock Insurance Policy is dealt under Insurance against Fire and other Damage to Property Class.

HOW TO GET IT

HOW DOES IT WORK

CHARACTERISTICS & OPTIONS

  • Basic Coverage

    The Basic Coverage of the Insurance Policy includes loss of goods following deterioration as a result of:

    • Loss of or damage to freezers due to a sudden and unpredictable incident
    • Accidental leakage of coolant or gas into the chiller chamber

COVER EXCEPTIONS

The policy is subject to certain exclusions, some of which are:

  • war, acts of terrorism, nuclear radiation, environmental pollution
  • improper package or storage
  • fire, lightning, explosion, theft, flood, earthquake
  • consequential loss

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