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Porch Piracy and Theft Only Purchase Security

Protect Against Porch Piracy with Theft Only Purchase Security

Helping financial institutions protect their cardholders from the financial impact of porch piracy with valuable year-round coverage or during the busiest shopping seasons of the year!

Annual Offer ... (Click HERE to download marketing PDF)

As e-commerce sales continue to grow, so does the frequency of porch piracy theft. Porch piracy is when a delivered package is stolen off the recipients doorstep. Proven difficult to combat, approximately 30% of Americans have already fallen victim*.

Fortunately, Theft Only Purchase Security can help. If an eligible account is used, This benefit can reimburse the cardholder for the purchase price of their package in the event it is stolen during delivery.

  • 75 custom invitations made for their child’s first birthday party ...
  • A new camera to gift to Dad for Fathers Day ...
  • A pair of basketball sneakers for the start of high school playoffs ...

All of the above packages may be covered in the event of a theft if the cardholder uses their eligible account to make the purchase. Theft Only Purchase Security applies to new retail purchases made with a cardholders eligible account in the event the package is stolen within 90 days of the purchase date - not just those stolen from a doorstep.

This benefit will reimburse the cardholder up to the total purchase price, up to the maximum amount designated. Coverage even extends to gifts purchased for family or friends, as well as purchases made outside the United States.

Seasonal Offer ... (Click HERE to download marketing PDF)

Financial Institutions now have the opportunity to provide this valuable coverage during the two biggest shopping seasons of the year - back to school and the holidays. Coverage period would be limited to purchases made between August 2019 and January 2020.

  • A new pair of shoes purchased for the start of the school year ...
  • A basketball jersey from their son’s favorite team purchased as a gift for the holidays ...
  • A new television purchased during the Cyber Monday sales ...

All of the above packages may be covered in the event of a theft if the cardholder uses their eligible account to make the purchase. Theft Only Purchase Security applies to new retail purchases made with a cardholders eligible account in the event the purchase is stolen within 90 days of the purchase date - not just those stolen from a doorstep.

This benefit will reimburse the cardholder up to the total purchase price up to the maximum amount designated. Coverage even extends to gifts purchased for family or friends, as well as purchases made outside the United States.

CONTACT US

For more information on either of these benefit configurations and how you can help protect your cardholder purchases, please contact us at:    

Email: Benefits@cbsiservices.com

Call: 1-800-261-3511

* 2017 Shorr Package Theft Report Survey: https://www.shorr.com/packaging-news/2017-05/2017-package-theft-report-porch-pirates-purchase-habits-and-privacy
Certain terms, conditions and exclusions apply. In order for coverage to apply, the cardholder must use their covered account to secure transactions. This information is a brief description of the important features of this insurance plan. It is not an insurance contract. Insurance benefits are underwritten by Indemnity Insurance Company of North America. Coverage may not be available in all states or certain terms may be different where required by state law. Chubb NA is the U.S.-based operating division of the Chubb Group of Companies, headed by Chubb Ltd. (NYSE:CB) Insurance products and services are provided by Chubb Insurance underwriting companies and not by the parent company itself.