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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