Confiscation
Government Action which deprives the insured of exercising rights of title over an asset or which reduces the value of an investment.

Perils insured by mobile assets insurance

• Confiscation / Expropriation / Nationalisation
• Deprivation
• Forced abandonment
• Currency inconvertibility / exchange transfer in respect of proceeds of forced sale (asset depriviation)

Perils insured by fixed assets insurance

• Confiscation / Expropriation / Nationalisation
• Deprivation
• Forced divestiture
• Forced abandonment
• Selective discrimination
• Licence cancellation
• Currency inconvertibility / exchange transfer in respect of dividends
• Embargo
• Business interruption