Best for
- Trading Companies
- Manufacturers of Capital Equipment
Highlights
- Non-cancellable limit
- Single or multi-debtor
- Up to 90% indemnity
- Down payments are generally required
- Retention of title generally required
- No policy deductible available
- Minimum premium of $25,000
- $50 million maximum line for any one risk
- Worldwide scope
- Responsiveness of a dual underwriting platform with experts in New York and London
- Emphasis on building a customer relationship and a long-term partnership
- Superior claims management processing and customer service
Summary of coverage
- Covers up to seven years of repayment exposure on domestic or international debtors and up to 10 years for sovereign debtors
- Down payments of 15% are generally required with repayment being made on a monthly, quarterly or semiannual basis
- Policyholders typically retain title to the goods and have the ability to repossess in the event of a default.
- Admitted in all 50 states
Documents & forms
Why choose Tokio Marine HCC?
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, Mexico, the United Kingdom and Europe, transacting business in approximately 180 countries and underwriting more than 100 classes of specialty insurance.
More about us Financial strengthNot all products, coverages, or features may be available in all states. Restrictions, exclusions, limitations, and conditions apply and you should see your agent for more information. Certain products and services are provided through non-admitted insurance carriers and are not subject to certain State Guaranty Funds.