What claims are not covered by the insurance?

  • Claims unrelated to debtor insolvencies e.g. fraud reasons, services/products supplied not deemed adequate by the debtor
  • Sale of goods related to consignment or commission,
  • Debtors who are family or close connections of Advanon
  • Foreign exchange losses
  • Change in market price of the value of goods
  • Intervention by the authorities that release the debtor from its obligations or make it impossible for the debtor to pay.
  • Natural catastrophes, political and social turmoil, nuclear problems, terrorism.
Updated on March 26, 2019

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