Stock Processing Insurance

Definition of "Stock processing insurance"

Mark Mnich real estate agent
Mark Mnich, Real Estate Agent Century 21 AllPoints Realty Inc.

Coverage in the event that stock sent to others for processing is damaged or destroyed en route or at their premises except those perils specifically excluded. For example, this coverage can be used when processing milk into cheese since the farmer would lose everything if the milk were damaged or destroyed en route or at the processor's premises.

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