In the world of finance, insurance is more than important. Indeed, when it comes to good financing, it is better to be well covered for possible fraud. It is with this in mind that means of payment insurance exists. Means of payment insurance is insurance that covers you when your bank card or checkbook are victims of fraudulent use. To subscribe to this insurance, you must understand the procedure as well as the guarantees available to you in addition to the means of compensation available to you.
Subscribe to means of payment insurance
Generally, means of payment insurance is offered to you by your bank when you apply for a bank card. Therefore, from this date of insurance subscription, you have 14 days to check whether your subscription is effective. And this, to avoid multi-insurance. Before the end of this date, you also have the possibility of renouncing the insurance taken out. To opt out of means of payment insurance, certain procedures and procedures must be followed. These procedures and procedures are available and to be read in the information notice received when you register. However, it should be noted thatwith a free credit cardas is the case with the offers of online banks, insurance means of payment is often less well provided than with a paying card.
In addition, when you make your subscription online, you also have the same time as the physical subscription, that is to say 14 days to verify and also to waive the subscription.
Means of payment insurance guarantees
The means of payment insurance guarantees are not set in stone. They vary according to the banks and therefore according to the contracts offered by the bank. However, in general, the contracts give certain frequent guarantees.
Indeed, there is the guarantee of fraudulent use of means of payment. In this case, the law obliges the bank to refund the amount that was stolen, on the condition that your card was used without your consent in situations such as online purchases, loss of CB, the stolen card or fraud on your card, among others. However, a certain amount may be your responsibility despite the fact that the bank has refunded a large sum of the stolen amount. In this case, it is the insurance that intervenes to complete this amount. Among the guarantees, there is also the loss or theft of your identity papers or even your keys. In this case, the insurance guarantees the payment of the costs of replacing your keys or your identity papers. There is also another guarantee that is often offered. This is reimbursement for the theft of cash withdrawn from the bank. In this case, the insurance intervenes directly on this inconvenience caused.
Your insurance compensation
For the compensation of the insurance means of payment, it is necessary to carry out a procedure. The steps to take are available in the information documents of your contract that you received when you took out the insurance.
To do this, you have a duty to report the event to your manager or your insurer as soon as possible, which is five days after the event or two days if you are the victim of theft.
