Political Risk Insurance Contract Frustration


Definition of "Political risk insurance: contract frustration"

Pamela  DuBois
Pamela DuBois RE/MAX Realty Services

Insurance coverage that will indemnify the insured in the event a foreign government or company does not abide by the terms and conditions of the contract in such instances as:

  1. Exportation exporter incurs a loss because the buyer in a foreign country does not adhere to the contractual obligations.
  2. Deterioration and repudiation insured sells services to buyer who refuses to honor contractual obligations.
  3. Importation insured incurs a loss resulting from the nondelivery of products purchased and paid for in advance.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ