Political Risk Policy Feature Checklist
What to confirm in a political risk policy — what's standard, what's often limited, and what to add if needed — plus the gap most often missed.
Pull out your current political risk policy and check the box next to each feature you can confirm it includes — anything unchecked is worth a quick conversation with your advisor.
Tick each feature you can confirm your policy includes — anything left unticked is a good question for your next policy review.
| Confirm? | Policy feature | What to confirm | Priority |
|---|---|---|---|
| Expropriation (Including Creeping) | Covers seizure of assets — including gradual seizure through a series of government acts. | Standard | |
| Currency Inconvertibility & Transfer | Covers being blocked from converting or sending money out — not currency devaluation. | Standard | |
| Political Violence | Covers damage and business interruption from war, terrorism, and civil unrest. | Often limited | |
| Government Contract Default | Covers non-payment by government buyers — may require an arbitration award first. | Often limited | |
| License Cancellation | Covers losses when a government revokes a required license or permit. | If needed | |
| Non-Cancellable Multi-Year Term | Locks in coverage so it can't be withdrawn when conditions worsen. | Often limited |
The gap most often missed in this coverage
The most commonly missed gap in this coverage is assuming it covers currency losses. Political risk insurance covers being blocked from converting or transferring money, not a currency's fall in value — and contract default claims may require an unpaid arbitration award first. Investors should confirm arbitration clauses, keep permits current, and buy multi-year non-cancellable terms before conditions change.
Send us the checklist and we'll review your political risk coverage line by line, then market it across multiple carriers that compete for your account.
Related: Political Risk Insurance · Political Risk Supplemental (apply) · All coverage checklists
Frequently asked questions
What should a political risk policy include?
Standard features to confirm in a political risk policy include Expropriation (Including Creeping), Currency Inconvertibility & Transfer. This checklist also flags the features that are often limited or sublimited and the ones to add if needed, with a plain-English note on each.
Is this checklist insurance advice?
No. It is a free educational tool to help you have a more informed conversation with a licensed professional. It affords no coverage and is not insurance, legal, or financial advice — only your actual policy language governs what is and isn't covered.
Can Cory Washington & Co. review my political risk coverage?
Yes. Share your checklist and we'll review your program line by line, market your account across multiple carriers, and explain the trade-offs in plain English. Cory Washington & Co. LLC is licensed in all 50 states.
This checklist is a free educational tool from Cory Washington & Co. to help you review your own coverage and have a more informed conversation with a licensed insurance professional. It is general information only — not insurance, legal, or financial advice, and not a recommendation to buy, change, or cancel any policy. Coverage terms, availability, limits, and requirements vary by policy, carrier, and state, and only the language in your actual policy governs what is and isn’t covered. Checking or leaving blank any item above does not indicate that you are adequately insured or under-insured. Using this checklist does not create a client, agency, or fiduciary relationship. Always consult a licensed professional about your specific situation.