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Summary Description of Benefits
for the Identity Fraud Expense Coverage Master Policy
This Summary is provided to inform you that, as a member of FICO® Quarterly Monitoring, you are entitled to benefits under the Master Policy referenced
below. This Summary Description of Benefits does not state all the terms,
conditions, and exclusions of the Policy. Your benefits will be subject to all
of the terms, conditions, and exclusions of the Master Policy, even if they are
not mentioned in this Summary.
An Identity Fraud Expense Coverage Master Policy has been issued to: Fair Isaac
Corporation (the "Master Policy Holder"),
Policy Number: XXXXXXX
underwritten by: Travelers Casualty and Surety Company of America and its
property casualty affiliates, Hartford, CT 06183.(the "Company") to provide
benefits as described in this Summary.
General Information
Should you have any questions regarding the FICO® Quarterly Monitoring Program
provided by the Master Policyholder, or wish to view a complete copy of the
Master Policy, please call the customer service number.
Limit of Insurance
| Annual Aggregate Limit of Insurance for each insured: |
$25,000 per year. |
| Lost Wages: |
$500 per week, for a maximum of 4 weeks. |
| Annual Deductible: |
$0 per year. |
Filing a Claim
To file a claim under the Master Policy, contact: 1-XXX-XXX-XXXX
This is a group Master Policy issued to Fair Isaac Corporation. If this Master
Policy is terminated, your benefits will cease effective that date. It is
the obligation of the Master Policyholder to inform you of any termination of
the Master Policy.
Benefits
We shall pay you for the following:
Costs
• Loan re-application fees incurred by you in the United States for re-filing
applications for loans, grants or other credit instruments that are rejected
solely because the lender received from any source incorrect information as a
result of the stolen identity event.
• Reasonable and necessary costs incurred by you in the United States for
notarizing affidavits or other similar documents, long distance telephone calls
and postage solely as a result of your efforts to report a stolen identity
event and/or amend or rectify records as to your true name or identity as a
result of a stolen identity event.
Lost Wages
Lost wages, whether partial or whole days, for time taken off work and away
from your work premises solely to deal with the fraud. Lost wages includes
remuneration for vacation days, discretionary days, floating holidays, and paid
personal days but not for sick days
Legal defense fees and expenses
Costs for reasonable fees for an attorney chosen by you and related court fees,
incurred by you with St. Paul Travelers prior consent, for:
Defending a suit brought against you by a creditor or collection agency or
entity acting on behalf of a creditor as a result of the stolen identity event.
Removing any criminal or civil judgment wrongfully entered against you as a
result of the stolen identity event.
Challenging the accuracy or completeness of any information in a consumer
credit report.
"Identity Fraud" means the act of knowingly transferring or using, without
lawful authority, a means of identification of an Insured Person with the
intent to commit, or to aid or abet, any unlawful activity that constitutes a
violation of Federal law or a felony under any applicable state or local law.
Coverage Scope
The Master Policy provides benefits to you only if you report a stolen identity
event to us via the contact telephone number stated above as soon as you become
aware of a stolen identity event, but in no event later than four months after
the discovery of loss. A claims kit will instruct you how to file for benefits
under the policy if the stolen identity event results in losses covered under
the policy.
You will only be covered if a stolen identity event is first discovered while
you are a member of the Master Policyholder's insured program and is reported
to us within 4 months. You will not be covered if the stolen identity event is
first discovered after termination of the Master Policy or termination of your
membership in the Master Policyholder's program.
Limits Of Insurance
The most we shall pay you are the Limits of Insurance shown above. All Legal
defense fees and expenses shall be part of and subject to the Aggregate Limit
of Insurance. LEGAL DEFENSE FEES ARE PART OF, AND NOT IN ADDITION TO, THE
ANNUAL LIMIT OF INSURANCE.
The Lost Wages Limit of Insurance shown above is a sublimit of the Annual
Aggregate Limit of Insurance and is the most we shall pay you for lost wages.
This sub-limit is part of and not in addition to the Annual Aggregate Limit of
Insurance.
The Legal Defense Fees and Expenses Limit of Insurance shown above is a
sublimit of the Annual Aggregate Limit of Insurance and is the most we shall
pay you for legal defense fees and expenses. This sub-limit is part of and not
in addition to the Annual Aggregate Limit of Insurance.
Deductible
You shall be responsible for the applicable Deductible amount shown above and
you may not insure against it. You shall be responsible for only one Deductible
during any one policy period.
Other Insurance
We shall be excess over any other insurance, including, without limitation,
homeowner’s or renter’s insurance. If you have other insurance that applies to
a loss under this policy, the other insurance shall pay first. This policy
applies to the amount of loss that is in excess of the Limit of Insurance of
your other insurance and the total of all your deductibles and self-insured
amounts under all such other insurance. In no event shall we pay more than our
Limits of Insurance as shown above.
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* Insurance coverage underwritten by Travelers Casualty and Surety Company of
America and its property casualty affiliates, Hartford, CT 06183. Coverage for
all claims or losses depends on actual policy provisions. Availability of
coverage can depend on our underwriting qualifications and state regulations.
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