CPM Forum
Canadian Notes => Counterfeit Currency => Topic started by: Seth on October 19, 2007, 06:53:34 pm
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I was browsing through my home insurance policy today and came across this little surprise:
COUNTERFEIT CURRENCY
You are covered up to a limit of $5,000 for loss through acceptance in good faith of counterfeit Canadian or United States paper currency. No deductible applies to this coverage.
Who knew....?
This is through HB Group Insurance Management Ltd. if anyone is interested.
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My policy doessn't state anything explicit concerning counterfeit money. AXA is my carrier but they would only cover the first $2000 worth of my collection, after that $8.28 per $1000 per year appraised value of the balance, appraised by an independant party$$$$. Gonna cost a fortune. Cheaper in a SDB.
If your money, counterfeit or not goes up in smoke, you can't prove it real or otherwise anyway.
PD