The policy provides cover against deterioration of perishable stock such as ice creams, meat, chicken, vegetables and others similar items of trade by the mechanical breakdown of the refrigerating plant.

The insured is indemnified for the damage caused to the insured stocks by deterioration arising out of any accidental damage to the refrigerating plant resulting in a rise in temperature.

Deterioration of Stock in cold storage insurance is designed to meet the requirements of those who want to insure their stocks against deterioration of goods in cold storage due to breakdown of refrigerating machinery provided such machinery is covered under a Machinery Insurance Policy.