Claims Examples

Transit Cash Letter Rider

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.