This kind of political risk insurance is purchased by exporters, lenders, investors, and contractors with inventories, equipment, or other assets located in foreign countries. It protects against confiscation, expropriation, nationalization, and other foreign government actions which would deprive you of your rights of ownership or control of your assets.
Related political risks that are covered include forced abandonment, selective discrimination, business interruption, and “creeping expropriation” (a series of individual government actions which, taken together, effectively result in expropriation). This political risk insurance can also cover non-transfer of dividends, royalties, or other funds following your sale of an asset or disposal of an investment.
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