Buyer Protection

•This coverage offers protection on the purchase of most retail items – including gifts.
•For a full 120 days after the purchase, the item is protected if it’s stolen, dropped, broken or even consumed in a fire.
•Valid claims will be satisfied either by replacing the item, or by a cash payment in an amount not to exceed the amount of the total purchase price.

Extended Warranty

The program doubles the warranty period of a purchased item up to two years, as long as the manufacturer’s warranty is valid in Canada for five years or less. For example, when you purchase a DVD Player, the manufacturer would typically offer a one-year warranty. But if the member uses their credit union debit card for the purchase, the DVD Player would be protected for an additional one year.

Chequing Accounts

Any purchase made by an account holder using a cheque drawn on an insured account receives the same protection. As well, credit unions may choose to insure chequing accounts where the member does not have a debit card.

Please see the Certificate of Coverage below for further details such as the extent of coverage and co-insurance and lifetime limitations. Claims are handled directly by The CUMIS Group. Coverage is provided for direct physical loss resulting from theft, damage, or destruction. Lost items are not covered.