March 17, 2014

 ISO and AAIS Coverages

Summary: Most homeowners forms in use today provide coverage for loss from credit card, counterfeit money, forgery, and fund transfer cards on standard homeowners policies. The Insurance Services Office homeowners forms afford $500 in coverage which may be increased by endorsement; other forms offer $1000 or more in coverage. This article discusses the need for credit card and forgery coverage and compares the coverages provided by the ISO and AAIS forms.

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