Common use of DESCRIPTION OF COVERAGE Clause in Contracts

DESCRIPTION OF COVERAGE. THE PLAN: As a Financial Institution Cardholder, you are automatically eligible for Buyer Protection insurance. ELIGIBILITY: This insurance plan is provided to Financial Institution My RewardsTM Debit Card cardholders, automatically when the entire cost of the Covered Purchase is charged to your Card account while the insurance is effective. It is not necessary for you to notify Financial Institution, the administrator or the Company when items are purchased. THE COST: This insurance plan is provided at no additional cost to eligible Financial Institution My RewardsTM Debit Card cardholders. Financial Institution pays the full cost of the insurance. WHEN COVERAGE APPLIES: Coverage applies for 90 days immediately following a Covered Purchase. COVERAGE: We will reimburse the Insured up to $1,000 for Covered Purchases that are damaged or stolen, except if stolen from vehicles. This coverage only applies if the Insured Person charged or debited the entire cost of the Covered Purchase to the Insured Person’s Account during the Policy period, are part of and not in addition to the Benefit Amount and the Annual Maximum Benefit Amount of $50,000. We will reimburse the Insured Person for the lesser of: 1)the cost of the Covered Purchase indicated on the Insured Person's Account statement; or 2) the Benefit Amount. In no event will We be liable beyond the amounts actually paid by the Insured Person. In no event will We pay more than the Annual Maximum Benefit Amount, $50,000 in any 12 month Policy period, regardless of the number of claims made in that 12 month Policy period. The Benefit Amount is payable on an excess basis over and above any amount due from any other valid or collectible insurance or any other form of reimbursement payable by those responsible for the loss or damage. DEFINITIONS:

DESCRIPTION OF COVERAGE. THE PLAN: As a Financial Institution My RewardsTM Debit Card Cardholder, you are automatically eligible for Buyer Protection Extended Warranty insurance. ELIGIBILITY: This insurance plan is provided to Financial Institution My RewardsTM Debit Card cardholders, automatically when the entire cost of the Covered Purchase is charged to your Card account while the insurance is effective. It is not necessary for you to notify Financial Institution, the administrator or the Company when items are purchased. THE COST: This insurance plan is provided at no additional cost to eligible Financial Institution My RewardsTM Debit Card cardholders. Financial Institution pays the full cost of the insurance. WHEN COVERAGE APPLIES: Coverage applies for 90 days immediately following a We will duplicate the time period of the original U.S. Manufacturer Warranty and any Purchased Warranty on an Insured Person’s Covered Purchase, up to a maximum of 12 months. If a U.S. Manufacturer Warranty or a Purchased Warranty is made up of multiple components, We will duplicate the time period of each component. If the total time period for the U.S. Manufacturer Warranty and the Purchased Warranty is greater than 36 months there is no coverage under this Policy. In no event will the total time period for all warranties, including this Policy, exceed 48 months. COVERAGE: We will reimburse duplicate the terms, conditions and limitations of the U.S. Manufacturer Warranty and any Purchased Warranty on an Insured Person’s Covered Purchase up $10,000 for repair to $1,000 defects in material or workmanship in a Covered Purchase; or for replacement of a Covered Purchases that are damaged or stolen, except Purchase if stolen from vehiclesrepairs to defects cannot be made. This coverage only applies if the Insured Person charged or debited the entire cost of the Covered Purchase and the entire cost of the Purchased Warranty to the Insured Person’s Account during the Policy period, are part . If the entire cost of and the Purchased Warranty is not in addition charged or debited to the Benefit Amount and Insured Person’s Account, We will only duplicate the Annual Maximum Benefit Amount of $50,000original U.S. Manufacturer Warranty. We will reimburse the Insured Person for the lesser of: 1)the cost of the Covered Purchase indicated on the Insured Person's Account statement; or 2) the Benefit Amount. In no event will We be liable beyond the amounts actually paid by the Insured Person. In no event will We pay more than the Annual Maximum Benefit Amount, $50,000 in any 12 month Policy period, regardless of the number of claims made in that 12 month Policy period. The Benefit Amount is payable on an excess basis over and above any amount due from any other valid or collectible insurance or any other form of reimbursement payable by those responsible for the loss or damage. DEFINITIONS: