At times of political uncertainty long term policies without cancellation provisions begin to demonstrate their value. Political risks underwriters have paid many hundreds of millions of dollars in claims following changes in government.
Causes can vary from seizure of fixed assets such as refineries, mobile assets like satellite equipment through to consumable goods that sustain warring factions. In one such claim it was fish for the rebel forces to eat!
In cases of emergency evacuation kit and property is abandoned. This is also insurable.
For more information contact the knowledgbrokers
