ATM Rider

The ATM Rider extends coverage to offsite ATMs (automated teller machines) while the Financial Institution Bond just covers ATMs located on the bank’s premises, (subject to Insuring Agreement B “On-Premises” deductible).

Sample Rider
Coverage Summaries of Bond Riders

Claims Examples
  • A bank-owned ATM in a grocery store is burglarized. The loss includes the cash missing from the ATM.

  • An ATM on the bank’s premises is burglarized. The ATM Rider provides coverage for the loss at a lower deductible level than that provided by Insuring Agreement B-On Premises.

  • The ATM Rider permits the insured to schedule a lower deductible for all ATMs--both on and offsite.
  • Coverage is for cash losses. It does not cover damage to the machine, failure of the machine to function properly or loss due to the fraudulent use of debit, ATM or credit cards.

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.