If the card is lost or stolen and used fraudulently by others, the insurance company will need to make a claim.

Credit card insurance is an insurance that covers losses caused by overdrafts without good faith when the cardholder uses the credit card, fraudulent use by others after the credit card is lost or stolen, and employees of the issuing bank who use the credit card to embezzle or embezzle public funds. .

Credit card insurance generally refers to an agreement in which the card issuer signs an agreement with the relevant insurance company, and pays a certain insurance premium every year as required. When the risk loss specified in the contract occurs, the insurance company is responsible for compensating it. A credit card business risk management method. Commonly known as "lost card insurance business", this kind of credit card insurance mainly includes two types: credit card credit guarantee insurance and credit card accident liability insurance. Credit card credit guarantee insurance is a type of insurance in which the insurance company uses the bank's credit card department as the policy holder and the insured to compensate for irrecoverable economic losses caused to the bank's credit card department by the cardholder or other reasons. Credit card accident liability insurance means that the insurance company takes the cardholder as the insured and cannot recover compensation for the loss or theft of a credit card that is fraudulently used by others before the effective date for reporting the loss specified by the credit card department. A type of insurance that compensates self-owned financial losses.