![]() If someone stole your laptop in that time, you probably won’t receive purchase protection benefits. Let’s say you momentarily left your laptop on a coffee shop table to take a phone call outside. Failure to take proper care of an item could also exclude you from coverage. If you simply misplaced an item, it won’t be covered. As an example, if you forgot your new watch on an airplane, you would need to file a police report to have a chance at reimbursement. This means items lost or stolen from a motor vehicle, items lost under the care of common carriers (airplanes, postal carriers, etc.) and used or pre-owned items.įurther, you will have to prove some sort of theft or wrongdoing to use purchase protection. Additionally, loss or damage in certain situations tend to fall under exclusion, too. Generally, credit card purchase protection won’t include live animals or plants, antiques or collectibles, computer software, motor vehicles and their parts, medical equipment, perishable items, household items, gift cards, checks or tickets. You should read your credit card’s agreement papers and terms and conditions to find out exactly what it covers. Additionally, not all credit cards cover the same things. Purchase protection covers many everyday purchases, but there are several exclusions. Extended warranty protection adds up to one year to an item’s original manufacturer’s warranty. Price protection helps you get the lowest prices for the purchases you make. ![]() Note that purchase protection is different from price protection and extended warranty protection. Purchase protection can go by different names like purchase assurance, purchase security or damage protection. You can only use it if another insurance, like renters or homeowners insurance, doesn’t cover the item. The definition of an eligible purchase also varies from card to card. Purchase protection serves as a secondary insurance coverage. The catch is that not all credit cards offer purchase protection and not all items are eligible for coverage. It automatically covers all eligible purchases on your card, with no extra registration necessary. Purchase protection offers short-term theft and damage insurance for items you purchase with your credit card.
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