Examples of Collection Costs in a sentence
Where the Loss is within the Insured’s retention, any payment of Collection Costs will be at the Insurer’s discretion.
The Insurer will pay Collection Costs, provided they have been specifically authorised by the Insurer in advance and in writing.
The amount shall not exceed the Insured Percentage of the Collection Costs and, if the total debts owed to the Insured by the Buyer exceed the Credit Limit, the amount of Collection Costs to which the Insured Percentage may be applied will be reduced in the proportion that the Insured Percentage of the Credit Limit bears to the total debts owed.
The Insurer is entitled to appoint assessors and auditors to verify and advise the Insurer on all aspects of any claim includ ing but not limited to Confirmation of Debt, the calculation of the claim amount, recovery action and Collection Costs.
The Insurer will not contribute towards Collection Costs incurred in respect of any Loss which at the Date of Loss is less than the Non-Qualifying Loss Amount.