About 8.6 million people were victims
of unauthorized use of their credit cards, 1.5 million saw unauthorized use of their bank accounts, and 1.1 million had unauthorized credit card or loan accounts opened with their identities.
Card holders are not responsible for the fraudulent activity of others, and
the unauthorized use of a credit card can be illegal.
There is zero liability protection for
any unauthorized use of your credit card.
Coverage for loss due to
unauthorized use of your credit cards can becovered under the baggage benefit.
The Baggage & Personal Effects coverage can reimburse your charges and interest due to
any unauthorized use of your credit cards during your trip up to maximum limits for this benefit.
Credit Card, Fund Transfer card, Forgery and Counterfeit Money (Increased Limits): This coverage provides increased limits for the legal obligation of an insured to pay because of the theft or
unauthorized use of credit cards or electronic funds transfer cards, loss to an insured caused by forgery or alternation of their check and loss through acceptance of counterfeit money.
You also have up to $ 500 of coverage for
unauthorized use of your credit cards.
Covers up to $ 1,000 for any liability resulting from
the unauthorized use of your credit cards or from check forgery.
Credit Card Fraud and Check Forgery: Covers up to $ 1,000 for any liability resulting from
the unauthorized use of your credit cards or from check forgery.
Travel insurance may also provide coverage for loss due to
the unauthorized use of your credit card.