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- The maximum reimbursement is $25,000 for personal accounts and $20,000 for business accounts, for all checks, regardless of the number of checks for which the requests for reimbursement are presented and/or the number of requests made. Please note that if EZShield coverage for a personal account is purchased and these checks are used to represent a business, the maximum reimbursement will be reduced to $15,000.
- EZShield will not reimburse for fraud perpetrated by any of the account holders.
- EZShield will not reimburse for fraud if an immediate family member of any of the account holders perpetrates it. Immediate family members shall include all spouses, parents, sons, daughters, or grandchildren of the account holder.
- EZShield will not reimburse for fraud if any member of an account holder's household perpetrates it. Members of an account holder's household shall include any person living with the account holder on a full-time or a part-time basis, including all house guests, domestic employees and / or boarders living in the account holder's domicile.
- EZShield will not reimburse for fraud if it is perpetrated by an authorized signer or an employee responsible for accounts payable, payroll, or any one else functioning within the accounting role. EZShield will not reimburse for fraud if any authorized signer or member of the accounting staff is deemed to not have exercised due care in the safeguarding of the checks resulting in contributory negligence.
- To be reimbursed by EZShield, the check must be payable to an entity located in the United States or to a person living in the United States and its territories..
- To be reimbursed by EZShield, the fraud must occur within the United States and its territories.