What is the limit for coverage of fraudulent charges under Credit Card Fraud coverage?

The limit for coverage of fraudulent charges under Credit Card Fraud coverage is typically set at $500. This amount is standard in many insurance policies, providing reasonable protection against unauthorized charges made with stolen or lost credit cards. This limit ensures that policyholders have some level of financial security against the risk of identity theft or misuse of their credit cards.

While higher limits may be available in certain policies or under specific endorsements, the $500 figure is commonly recognized in the industry as a basic threshold for coverage related to credit card fraud. Understanding this coverage is essential for both consumers and insurance professionals, as it helps clarify the level of protection offered in case of rising fraudulent activities.