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Assets and Investments

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 deprivation)

Perils insured by fixed assets insurance

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