We aim to make our policy documents as simple as possible to understand, although the legal terms below can be confusing, so here it is in plain English.

Co-insurance Liability

This is the equivalent of an excess, also called "deductible". most of the time the deductible is 10% of the total sum insured (It could be higher for debtors that have a higher risk of default. This means that if an insured invoice value is £50,000 and the deductible is 10%, we will pay out £45,000 in case of a successful claim.

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