Common use of Forgery or Alteration Clause in Contracts

Forgery or Alteration. We will pay for loss resulting from forgery or alteration of checks, drafts, promissory notes, or similar written promises, orders or directions to pay a sum certain in money that are: a. Made or drawn by or drawn upon the covered entity; or b. Made or drawn by one acting as the covered entity’s agent; or that are purported to have been so made or drawn. The amount we pay is limited to that portion of loss exceeding the deductible shown in the Information Pages. We will then pay in excess of the deductible up to the limit shown for this coverage in the Information Pages.

Forgery or Alteration. We will pay for loss resulting from forgery or alteration of checks, drafts, promissory notes, or similar written promises, orders or directions to pay a sum certain in money that are: a. Made or drawn by or drawn upon the covered entity; or b. Made or drawn by one acting as the covered entity’s agent; or that or c. That are purported to have been so made or drawn. The amount we pay is limited to that portion of loss exceeding the deductible shown in the Information Pages. We will then pay in excess of the deductible up to the limit shown for this coverage in the Information Pages.