Claims and Indemnification
"Indemnification of up to 90% for Commercial risks and up to 90% for Political Risks." | In the case of a claim, SBCE possess an international network of collection agencies and specialized lawyers, distributed over 190 offices worldwide, that are recognized for their specific knowledge of local legislation and technical capacity to act in each of the nations in order to collect unpaid debts. After the Claim Notice, SBCE has 150 days to try to collect the due payment from the importer, be it using amicable terms or if necessary, legal procedures (using all of measured permitted by the legislation of the importer's country). SBCE expects to recover the unpaid debt in up to 70% of claims, within the 150 days stated above, in which case the policyholder is reimbursed ,in the majority of cases, for the total value of the bill. |