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What Is deterioration of stock insurance?

This insurance will cover you against deterioration of goods placed in cold storage due to a breakdown of refrigerating machinery

What does deterioration of stock insurance cover?

It is a follow up cover to machinery breakdown insurance and may cover all goods suitable for storage in cold storage houses like fruits, vegetables, fresh meat, dairy products and many more.

  • Loss or damage to stock due;
  • Rise or fall in temperature
  • Unforeseen and sudden escape of refrigerants into the cold storage rooms
  • Incorrect composition of storage atmosphere directly resulting from any material damage
  • Damage caused to stocks by the following perils are not covered under the DOS policy. This is because the risks are coverable under other policies.
  • War, Invasion, hostilities, civil war, rebellion, revolution etc.
  • Rise or fall in temperature due to stoppage of any section or sections of the Refrigeration Plant for repairs, maintenance, overhauling or for replacement of parts due to wear and tear of the plant and equipment.
  • Overloading of the Refrigeration Plant and Equipment beyond its maximum rated capacity.
  • Improper storage, insufficient circulation of air/non-uniformity of temperature for whatsoever reasons.
  • Collapse of rack structure/storage platforms due to uneven loading or any other reasons.
  • War, invasion, act of foreign enemy
  • Nuclear reaction, nuclear radiation or radioactive contamination
  • Wilful act of wilful negligence
  • Fire
  • Lightning
  • Explosion
  • Natural hazards
  • Burglary
  • Transport Risks

Political Violence and Terrorism: Cover against political violence and terrorism

Deterioration Of Stock Insurance

Other types of insurance cover

Erection All Risks Insurance

Contractors All Risks

Contractors All Risks insurance is property insurance for any building or civil engineering project. Cover on site during construction period…

Erection All Risks Insurance

Erection All Risks

Erection All Risks insurance provides broad coverage during assembling, erection and testing/ commissioning of new machinery, plant and steel structures involving little civil engineering work.

Contractor’s Plant And Machinery Insurance

Contractor’s Plant And Machinery

This is an insurance of contractors’ plant and machinery that is done on an annual basis. It covers unforeseen and sudden physical loss of or damage to the insured items…


You will need contents insurance, sometimes known as all risk cover, for items for which you require cover out with the home. Please provide details of these items at the time of quotation to ensure that the policy provided meets with your requirements.

Accidental Damage cover provides protection against costs incurred through damage that you, your family members or visitors may cause to the structure of your Building or to your Contents. Examples of incidents which would be covered under this extension include putting your foot through the loft floor damaging the ceiling below, leaving a tap running leading to water damage or carpet spillages. Such incidents would not be included under a policy taken out to cover Standard Perils only.

Additional charges will apply and in certain circumstances this cover might not be available.

Items kept in the garage or garden sheds will be covered under the Contents section of your policy provided you have included their value in the total sum insured declared. Limits may apply to the amount that can be claimed for theft of items taken from outbuildings and additional charges may be made for certain items such as ride on mowers. Cover for motor vehicles and motorcycles is excluded. Please declare your requirements for cover kept in outbuildings at the time of quotation to ensure that the policy provided meets with your requirements.

In most cases you will need to arrange cover for your own contents and personal possessions. Please refer to your tenancy agreement to check what, if any cover is provided by your landlord.

An excess is the amount a policyholder is required to pay towards the cost of any claim. You may be asked to pay this amount to a company that has carried out repairs on behalf of your insurer, or alternatively the sum will be deducted from any settlement received.


Goldstar claim process

No matter what your worry is, we’re here to help explain the process, assess your claim fairly and minimize the disruption to you with a transparent claims process.

How to make a claim

We have a number of options to help you make a claim quickly and effectively. Contact our dedicated claims team for advice on an incident/claim.

Why choose us ?

Goldstar Insurance was IFM’s Best Insurance Company in Uganda (2015) and has over the years consistently maintained a Global A+ Credit Rating