Identity Fraud Expense Reimbursement Master Policy
Summary of Benefits
This summary of insurance is a coverage description intended to provide important information about the protection available to an Insured Person under the Identity Fraud Expense Reimbursement Master Policy (the “Policy”). This summary is not an insurance policy and does not amend, extend or alter the coverage afforded by the Policy described herein. Terms shown in bold in this coverage description are defined in the Policy. The insurance afforded by the Policy as described herein is subject to all the terms, exclusions and conditions of such Policy. The Policy Period is specified in the Master Policy.
The Policy has been issued to (the “Master Policy Holder”)
Name/Address: National Credit Report LLC
Policy Number: XXXXXXXXX
Underwritten by:
Travelers Casualty and Surety Company of America
Hartford, CT 06183 (“Company”)
- Limit of Insurance for any one loss = $25,000
- Deductible = Zero
To file a claim:
To file a claim under the Master Policy, contact: 888-8-TRI-BUREAU (888-887-4287).
This is a group policy that has been issued to National Credit Report LLC. Benefits available under this Policy will terminate as of the Policy termination date. It is the obligation of the Master Policy Holder to inform you of any termination of the Policy.
Your Benefits
We will reimburse you for Expenses incurred as the direct result of any one Identity Fraud discovered during the Policy Period and while the Insured is a member of the Master Policy Holder’s membership group.
- Costs for notarizing fraud affidavits or similar documents for financial institutions or similar credit grantors or credit agencies that have required that such affidavits be notarized.
- Costs for certified mail to law enforcement agencies, credit agencies, financial institutions or similar credit grantors.
- Lost wages as a result of time taken off from work to meet with, or talk to, law enforcement agencies, credit agencies and/or legal counsel, to complete fraud affidavits, or due to wrongful incarceration arising solely from someone having committed a crime in the Insured’s name, up to a maximum payment of $500 per week for a maximum period of four weeks. Lost wages shall not apply in the case of wrongful incarceration absent all charges being dropped or an acquittal.
- Loan application fees for re-applying for a loan or loans when the original application is rejected solely because the lender received incorrect credit information.
- Charges incurred for long distance telephone calls to merchants, law enforcement agencies, financial institutions or similar credit grantors, or credit agencies to report or discuss an actual Identity Fraud.
- Reasonable attorney fees incurred, with the Company’s prior consent, for:
- defense of lawsuits brought against the Insured Person by merchants or their collection agencies,
- the removal of any criminal or civil judgments wrongly entered against an Insured Person, and
- challenging the accuracy or completeness of any information in a consumer credit report.
Policy Period
This Policy applies only to Identity Fraud, occurring anywhere in the world, which is either discovered during, or occurs wholly during, the Policy Period and is reported to the Company during the Policy Period or within 30 days following the termination of either
(a) this Policy; or
(b) membership of the Insured Person in a Membership Program.
Insured Person's Duties When Loss Occurs
Upon knowledge or discovery of loss or of an occurrence which may give rise to a claim under the terms of this Policy, the Insured Person shall give notice thereof as soon as practicable to the Company, and file detailed proof of loss, duly sworn to, with the Company within four months after the discovery of loss. If the loss involves a violation of law, the Insured Person shall also notify the police.
Upon the Company’s request, the Insured Person shall submit to examination by the Company, subscribe the same, under oath if required, and produce for the Company’s examination all pertinent records, all at such reasonable times and places as the Company shall designate, and shall cooperate with the Company in all matters pertaining to loss or claims with respect thereto. Compliance with all terms and conditions of this Policy are conditions precedent to recovery under this Policy.
The Insured Person shall keep books, receipts, bills and other records in such manner that the Company can accurately determine therefrom the amount of any loss. At any time subsequent to the reporting thereof to the Company, the Company may examine and audit the Insured Person’s books and records as they relate to a loss under this Policy.
Limits of Insurance
The limit of the Company's liability per Insured Person for loss covered under this Policy shall not exceed the applicable Limit of Insurance shown in the Declarations. Under this Policy, all losses incidental to an act or series of related acts or arising from the same method of operation, whether committed by one or more persons, shall be deemed to arise out of one occurrence and shall be treated as one loss. However, should one such act cause a covered loss to more than one Insured Person, the available Limit of Insurance under this Policy and the deductible amount shall apply to each Insured Person separately.
Regardless of the number of Membership Programs that an Insured Person is a member of, the Company's liability to such Insured Person for loss covered under this Policy shall not exceed the applicable Limit of Insurance shown in the Declarations.