Transit Cash Letter Rider

The Transit Cash Rider extends coverage provided under Insuring Agreement C - In Transit for cash letters.

Sample Rider
Coverage Summaries of Bond Riders

Claims Examples
  • A bank sends a cash letter to the Federal Reserve Bank. The cash letter arrives safely but disappears, and the individual items never reach the institutions on which they were drawn. Coverage under Insuring Agreement C - In Transit stops once the cash letter is delivered to the Federal Reserve Bank. The Transit Cash Letter Rider extends coverage until the items contained in the cash letter are delivered to the institution upon which they are drawn. Coverage also includes reimbursement for the costs associated with reproducing the items in the cash letter, at no deductible.

Features
  • Eliminates the deductible.
  • Provides reimbursement for reproduction costs.
  • Extends coverage beyond the final destination of the cash letter to the financial institution upon which an item was drawn.
  • As a condition of coverage, the front and back of each item placed in the cash letter must be photographed.

Notwithstanding any language to the contrary, nothing contained herein constitutes nor is intended to constitute an offer, inducement, promise, or contract of any kind. All coverage descriptions and claims examples are provided for informational and educational purposes only and are not a representation as to coverage for any particular claim and are not represented to be error free. Coverage for any claim is determined upon the specific facts of the claim, the terms and conditions of the policy and applicable law. For details on the coverage provided by your specific contract of insurance, please refer to your policy. Coverage is subject to underwriting guidelines and may not be available in all states. Limits may be capped for underwriting reasons. Any links to any sites which are not originated by ABA Insurance Services Inc. (ABAIS) are provided only as a courtesy and are not intended to nor do they constitute an endorsement by ABAIS of the linked materials.