Shopkeeper Insurance – help needed!

[Aakash]

How do you keep record of your total stock? Some manual stock register? Do you reconcile stock at the end of the year that this much sold and this much in the shop?

No reconciliation. For small parts, we don’t care much, as and when the stock is over, we order for more. For big and costly parts, we only order as and when it is required by some customer.

[Harish Rawat]

Than I would suggest maintain a stock register. And for policy purpose, make a list of costly parts – big and for small parts just gave a sum insured and mention the parts name in the proposal. I always advocate to give as much as info at the time of proposal, so that in claim there would not be a problem for you.