Purchase
Assurance
Gold MasterCard cardholders can benefit from the security and safety
offered through Purchase Assurance, an insurance program. If something
you bought with your card is damaged or stolen within 90 days of
purchase, your purchase may be protected. Most new purchases are
covered against theft or damage for a full 90 days from the date
of purchase.
To get coverage:
· Purchase Assurance insurance is for most items you purchase
entirely with your card for yourself or to give as gifts.
· Purchases need not be registered.
The kind of coverage you receive:
· Coverage is secondary. If you or the recipient of the gift
have any other insurance that would cover the eligible purchases
(such as homeowner's, renter's, or auto insurance), Purchase Assurance
will pay the amount not covered by your primary insurance up to
the amount you paid for the item with your card, subject to the
limits expressed below.
What is covered:
· Items purchased
entirely with the MasterCard card.
· Most items you buy entirely with your card are covered
for a full 90 days from the date of purchase indicated on your credit
card statement. Coverage is limited to the cost of the item (excluding
delivery and transportation costs) up to $1,000 per incident and
a total of $50,000 per cardholder account per year.
· Items you purchase with your card and give as gifts are
also covered, subject to the same conditions.
· Coverage for stolen or damaged items that are made up of
a pair or set will be limited to the cost of any particular part
or parts. However, if the articles cannot be used, replaced, or
repaired individually, the value of the pair or set will be covered.
Coverage for stolen or damaged jewelry or fine art will be limited
to the cost of the particular part or parts, regardless of any special
value the article(s) may have had as part of a set or collection.
What is NOT covered:
· Items not in
the care , custody, or control of the owner.
· Lost items and items that mysteriously disappear without
any evidence of a wrongful act (the only proof of loss is unexplained
or the item can no longer be provided as proof of loss).
· Items stolen from, in, or upon, or attached to a common
carrier. Items stolen from, in, upon, or attached to an automobile
or any other motor vehicle, whether it is being used as a residence
or not.
· Unlocked or unattended (left in public sight, out of arm's
reach, lacking care, custody or control by cardholder or responsible
party) items stolen from any location or place open to the general
public or community for use or membership. Public places shall not
include the following: the covered person's place of employment,
elementary or secondary school, places of worship.
· Items lost, stolen, damaged or misdelivered while under
the care and control of a third party or common carrier (including
but not limited to airlines, the U.S. Postal Service, or other delivery
services).
· Losses due to normal wear and tear, misuse, fraud, gradual
deterioration and/or abuse.
· Items that you damage through alteration (including cutting,
sawing, shaping).
· Used or antique items, collectibles of any kind (including,
but not limited to, trading cards, Beanie Babies, etc.), recycled,
previously owned, reufurbished, rebuilt, or remanufactured items;
product guarantees (for example, glass breakage), or "satisfaction
guaranteed" items.
· Items taken by
visible forced entry, force, and/or under duress without a documented
police report.
· Items that are not properly secured while
in transport via any mode.
· Motorized vehicles and watercraft, aircraft, and motorcycles
or their motors, equipment, or accessories. Coverage will apply
to motorized equipment used solely for the upkeep and maintenance
of a residence, but not for commercial use.
· Land, buildings (including but not limited to homes and
dwellings), permanently installed items, fixtures, or structures.
· Travelers checks; tickets of any kind; negotiable instruments;
bullion; rare or precious coins; philatelic and numismatic property;
cash or its equivalent.
· Damage caused by vermin.
· Plants, animals, consumables and perishables.
· Items purchased for resale, professional or commercial
use.
· Professional services (including but not limited to the
performance or rendering of labor or maintenance; repair or installation
of products, goods, or property; professional advice of any kind,
including but not limited to information/services or advice secured
from any help or support line; or technical support for software,
hardware, or any other peripherals).
· Application programs, operating software, and other software.
· War or hostilities of any kind (for example, invasion,
rebellion, insurrection, riot or civil commotion); confiscation
or damage by any government, public authority or customs official;
risks of contraband; illegal activity or acts.
· Inherent product defects.
· Radioactive contamination.
· Acts of God (including but not limited to flood, hurricane
and earthquake) or consequential losses resulting from any Act of
God.
· Items stored at any construction site.
· Items under rent, lease or borrowed, for which you will
be held responsible.
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TrustBank™ MasterCard® Personal
