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Insurance on a bank card is not a very common phenomenon in our country. But due to frequent cases of fraud, especially on the Internet and when shopping online, such a proposal is relevant. This policy will protect against financial losses in case of theft of the card or access to it by fraudsters. It involves the reimbursement of expenses related to such situations and the free opening of a new card account.
Before signing the contract, you need to familiarize yourself with the list of insurance cases. Only when they occur, the company will pay compensation. For example, some policies work only if the robbery happened near an ATM, some time after cash withdrawal. Limits on compensation amounts are also established.
Much depends on the professionalism and customer orientation of the organization. "Tecom" is an insurance company that is always ready to meet, offering the best price insurance, as well as favorable conditions for everyone. Mutually beneficial cooperation with fulfillment of all obligations is guaranteed, an individual approach and detailed consideration of any individual situation is practiced.
What risks can be protected against?
The following are the insured events when issuing such a policy:
- card loss or theft;
- theft carried out by the use of special technical devices. For example, these include skimmers, overlays on ATM keyboards, cameras that read PIN codes, other information;
- data leakage through phishing sites or other illegal methods;
- robbery after withdrawing cash from an ATM.
All situations are described in detail in the contract or insurance conditions. Before signing the documents, you need to familiarize yourself with them in detail in order to know exactly when you should count on compensation.
When they refuse to pay
This is possible if the client specifies the insurance conditions and does not take care to protect his money from fraudsters. He is obliged to observe all safety rules prescribed by the bank in the contract when opening the card. You cannot tell anyone the card's PIN code, expiration date, or CVV code. Important documents with secret data must be stored in a hard-to-reach place.
It happens that criminals convince the owner of the money to independently provide them with all the necessary information to obtain access to the funds. Insurance does not cover such cases.
What is needed to receive compensation
If necessary, the owner must:
- will inform about it in time. The client has a day or even a few hours. The notification must be received not only by the insurer, but also by the bank employee. If payments were made from the card after the theft, they must be protested so that the security service can conduct an investigation. Also, a police report must be filed;
- block a stolen card. A certain time is given for this. If the card is protected, but not blocked, the insurer will refuse payment even if the other requirements are met;
- provide documents. Before issuing compensation, insurance companies will ask for a list of documents. These are resolutions on the opening of a criminal case, bank documents confirming the investigation.
There is always a limit on the amount of compensation. It is desirable to indicate in the contract all cards opened in a particular bank. If different accounts are opened for them, then payments can be determined for each.
