Credit card insurance programs

It is highly recommended that you review the insurance terms of your credit card agreement as in certain circumstances the credit card insurance offered by your card issuer may cover situation beyond those you may originally have thought. The major credit card insurance programs offered include: Purchase Protection If you purchase a product on your credit card that is later damaged. Not only is this a useful protection to have if you purchase expensive or fragile products. Can also be a very good additional insurance to any home contents insurance policy you have.

Stolen Card Protection Provided you report your card stolen at the first opportunity you have once you have become aware of your card’s theft. Basically this policy will reimburse you the difference between the price you paid for a product and the cheaper price of the same product you later found elsewhere. Travel Insurance If you purchase your holiday on your credit card there are two useful beneficial insurances you should check to see if you have. The first is a cancellation policy. The second is holiday accident insurance.