|
|||||||||||
Filing claims on Multi-buyer Insurance Policies AVOID THESE MISTAKES!!Ex-Im Bank has over 1600 Multi-buyer Export Credit Insurance Policies in effect and insured approximately 110,000 shipments under these Policies in the last year. Your Policy provides valuable protection when some invoices go unpaid and you have to file an insurance claim with Ex-Im Bank. Unfortunately, some claims are denied because the insurance policyholder failed to do something required under the Policy. Please help us to help you avoid these mistakes. Here are four common reasons that multi-buyer insurance claims are not paid.
Please remember, you must read and understand your entire Policy – and especially read the endorsements! In order to get your claim paid, there are other conditions in the Policy that must be satisfied in addition to those mentioned here; these are just a few of the items that may cause denials of your claim. Please go to the Claim Filing Guide for a review of other types of mistakes that result in claim denials and for help understanding your Policy. When in doubt, contact your broker or your Ex-Im Bank relationship manager for assistance. Our goal is to help you file complete and correctly documented claims so we can pay them quickly! |
|||||||||||
|
|||||||||||