Political Risk Insurance Contingency Insurance


Definition of "Political risk insurance: contingency insurance"

Insurance coverage that protects a contractor or other type of business providing a service for expenses incurred in the event a contract is not ratified by a foreign government. For example, if a contractor decides to start building a structure prior to the foreign government ratifying the agreement and the ratification fails, the contractor would be indemnified for expenses incurred.



Search Real Estate Glossary

Related Real Estate Glossary terms

Related Real Estate FAQ