Extension premiums
Insurance approvals expire after six months. Extensions of a further six months may be requested. Provided a review premium has been levied, we charge an extension premium of 25 percent of the review premium, beginning with the first extension. Basis for calculation is the contract value at the time the extension is granted. For combined supplier and buyer credit insurance, the extension premium is charged only once, on the higher value.
Version: 31.07.2009