You can claim if your buyer is declared insolvent (by way of receivership, administration, liquidation, winding up or a court approved compromise with all creditors) or is declared bankrupt.
You can submit an insurance claim once you’ve received confirmation from the administrators.
You will receive payment after we’ve reviewed and approved your insurance claim. We aim to pay out within five working days.
Not everything as there’s a standard deductible charge of 10%. We aim to pay you within five working days once your claim has been approved.