Export Credit Insurance Advantages and Disadvantages
Export Credit Insurance Advantages and Disadvantages Advantages and Disadvantages of Export Credit Insurance As was mentioned earlier these insurances refer to the possibility of the purchaser of goods or services not paying for them as he should. The business is divided between home and export with the export side being handled by the ECGD.As we know that this article is based on Export Credit Insurance so we should know following things: Pecuniary loss insurance When premises are damaged by fire the payment of insurance monies will greatly relieve the hardship associated with repairs and rebuilding. What has not been mentioned so far are the losses that are the consequence of fire damage: the consequential losses. Loss of rent When a building has been damaged, even though damaged enough so that it cannot be used until repairs are carried out, the person occupying the building may still be obliged contractually to pay rent to the owner. In a similar case the owner may lose re...