Will My Contents Insurance Cover Credit Cards Stolen from My Home?
In the vast majority of cases, yes. Not all credit card companies cover fraudulent uses of a stolen card or a stolen number. In such situations, contents insurance should be a person’s fall back. Most plans will cover stolen credit cards up to a certain amount spent, as long as the credit cards are reported within a certain time period after stolen. There may or may not be a deductible. Normally the amount covers all stolen credit cards so that the purchaser of the plan will not have a different “allowance” of coverage based on the number of credit cards stolen.The downside to this is that contents insurance typically only covers things that are stolen or damaged while in your home. Coverage when out of your home, for example when you are carrying your wallet around on your regular schedule, costs extra. And of course it is unlikely that your credit cards will be stolen while in your home. But to directly answer your question, yes. Stolen credit cards are covered while in your home and, if you get a more expensive plan, may be covered in many other places where you might travel.That is just one more reason why it is very important that you get contents coverage. Many people believe that if they buy contents insurance, it only covers damage to specific possessions. Many people don’t even know that that expensive homeowners’ insurance plan that they purchased comes with contents insurance. However, this is extremely useful. Credit cards are just one of the many, many surprising things that you may find your contents insurance plan covers.
