FCIA's Non-Cancelable Limits Policy offers comprehensive non-payment coverage on international and/or domestic sales. Limits cannot be changed by us during the policy period. No additional fees are charged for buyer limit underwriting. Typically, 80% of the annual estimated premium is paid at policy issuance and is non-refundable.
- Country and buyer limits are non-cancelable
- Low policy administration
- Up to 90% indemnity
- No caps on losses under the DCL
- "No claims" renewal bonus available on some policy structures
- 90 days waiting period for filing claims
- Portfolio coverage with DCL option or key accounts coverage
Spread of Risk
The policy insures an agreed-upon spread of your international and/or domestic sales of goods or services made on credit terms. Coverage can also be limited to selected key accounts. Eligible countries are endorsed to the policy. Eligible credit terms can be up to 180 days. Slightly longer credit terms are available for capital equipment.
Eligible Goods and Services
All goods and services are eligible for coverage, including any that are partially or entirely produced abroad. Shipments may originate from the United States or another country. This also includes insuring receivables arising from sales of goods manufactured or invoiced by foreign subsidiaries.
For more details, please click on the Non-Cancelable Limits Policy brochure.