Imagine that at the end of the month, you notice a “strange” purchase on your invoice. Neither you nor any of your family members made that acquisition. That is, you have been the victim of a fraud. In this situation, it is necessary to contact the card operator, explain the fact and request reimbursement of the values.
The same can happen with internet shopping, which is quite common. This is because, buying online only requires filling in some basic data such as card number and security code. Unsafe sites may allow this information to be “stolen”, so using the card by third parties becomes easy.
Credit card insurance is not required, but can be advantageous protections. The reimbursement of fraudulent purchases, for example, is much simpler with the option.
In practice, however, this process may be a little more laborious. It is common for the operator to open an investigation and, in some cases, even refuse to reimburse the individual. Here, the consumer has to file a lawsuit for return of values, which may require a much longer term.
It is to avoid this kind of hassle and worry that getting credit card insurance is interesting.
Advantages of Credit Card Insurance
Generally, a credit card insurance costs $ 5 per month. With this simple installment, discounted into account or listed on the invoice, the consumer gets protection against a number of unforeseen events.
Loss & Theft Coverage
Most of the time, the individual who loses or has his or her card stolen needs to file a police report. Just like with lost personal documents. With the BO in hand, he only needs to contact the card company and request cancellation of purchases he has not made. Since you are insured against this kind of problem, resolving the issue will be much simpler.
The basic coverage offered by card insurance is against loss and theft. A number of other protections, however, can also be delivered by the service. All of them are listed in the carrier’s contract, and should be checked prior to contracting agreement.
Among the available coverage, then, is the one in case of unemployment of the individual. In dismissal without cause, the operator is responsible for the amounts spent until the day before the date of dismissal.
Coverage in case of kidnapping
According to data from the Access to Information Law, only in the first four months of 2017, the city of São Paulo recorded 129 cases of lightning kidnapping. In these situations, it is common for the victim’s credit cards to be used for purchases. In these cases, the insured customer has canceled purchases made under duress.
In addition to these more common coverage, credit card insurance may offer other types of consumer protection. As against purchases made over the internet; indemnity in the event of disability or accidental death due to burglary; travel cover; and emergency hosting.
There are also insurances that offer coverage for lost documents and luggage; the possibility of booking VIP lounge at the airport; protection against theft of mobile phones and others. Therefore, before hiring the service, it is important to know all its functions. This way, if necessary, using your rights will be much easier.