Common use of Credit Card, Forgery and Counterfeit Money Clause in Contracts

Credit Card, Forgery and Counterfeit Money. a. We pay up to $1000 for loss sustained by an insured when such insured: 1) becomes legally obligated to pay for the unauthorized use of credit cards issued or registered in the 2) suffers a loss through the forgery or alteration of checks, drafts, certificates of deposit and notes including negotiable orders of withdrawal; or 3) accepts, in good faith, counterfeit United States or Canadian paper currency. b. We do not pay for loss if: 1) the insured has not complied with the terms under which the credit card was issued; 2) the loss is caused by the dishonesty of an insured; 3) the loss results from business activities of an insured; 4) the loss occurs while a person, not an insured, has possession of the credit card with an insured's permission.

Credit Card, Forgery and Counterfeit Money. a. We pay up to $1000 for loss sustained by an insured when such insured: 1) becomes legally obligated to pay for the unauthorized use of credit cards issued or registered in the 2) suffers a loss through the forgery or alteration of checks, drafts, certificates of deposit and notes including negotiable orders of withdrawal; or 3) accepts, accepts in good faith, faith counterfeit United States or Canadian paper currency. b. We do not pay for loss if: 1) the insured has not complied with the terms under which the credit card was issued; 2) the loss is caused by the dishonesty of an insured; 3) the loss results from business activities of an insured; 4) the loss occurs while a person, not an insured, has possession of the credit card with an insured's permission.

Credit Card, Forgery and Counterfeit Money. a. We pay up to $1000 1,000 for loss sustained by an insured when such insured: 1) becomes legally obligated to pay for the unauthorized use of credit cards issued or registered in the 2) suffers a loss through the forgery or alteration of checks, drafts, certificates of deposit and notes including negotiable orders of withdrawal; or 3) accepts, in good faith, counterfeit United States or Canadian paper currency. b. We do not pay for loss if: 1) the insured has not complied with the terms under which the credit card was issued; 2) the loss is caused by the dishonesty of an insured; 3) the loss results from business activities of an insured; 4) the loss occurs while a person, not an insured, has possession of the credit card with an insured's permission.