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Banknote: Co-Insured – May Not Provide an Asset But Will Impose a Liability


It is typical for lenders to be co-insured parties to project insurances. In certain circumstances, it may not add any benefit but may have unintended adverse consequences.

In this issue of Banknote, we provide insight into the way lenders can benefit from being co-insured while avoiding the obligatory requirements typically borne by the insured party.