Difference between Spoilage material damage cover and damage due to change in temperature.

Spoilage material damage cover is allowed under fire policy as add-on cover operates. It covers spoilage of material under process resulting from the retardation or interruption or cessation of any process or operation caused by any of the perils covered under this Policy e.g. Stoppage of production machinery due to failure of power supply caused by operation of insured peril.

Damage due to change in temperature is different and is excluded under  IAR policy unless covered as an Add on cover e.g. Deterioration of stocks kept in cold storage due to rise in temperature arising out of stoppage of refrigeration plant & machinery.

Comments

  1. Govind JohriOctober 5, 2020 at 3:52 PM

    Spoilage damage cover is *not necessarily caused by failure of electric supply*
    It is due to any peril covered by Fire polic y resulting In retardation or interruption or kesa tiin or any process or operation.

    Change In temperature xausing loss or damage to shock is an exclusion or SFSP. AND THIS CAN BE COVERED UNDER A SEPARATE COVER.

    ReplyDelete
  2. Govind JohriOctober 5, 2020 at 3:55 PM

    correction


    kesatiin---------- Cesation
    xausing-----------causing

    ReplyDelete

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