Profi Merlin – Examples
Profi Merlin insurance is provided to holders of business payment cards (issued not only by Komerční banka). It covers both debit and credit cards issued to CZK or foreign currency accounts.
The insurance applies to all business payment cards issued in the name of the insured (i.e. issued by other banks based in the Czech Republic) provided that the account’s owner is a legal person.
An employee has been robbed when carrying the takings to the bank. His briefcase holding his wallet, notebook, glasses, ID card, business payment card, mobile phone and keys was stolen together with the takings. The client has asked for the stoplisting of the card, applied for a new card, bought a new phone, wallet, notebook and glasses. He also had to have his new identification documents issued and the security locks to his office exchanged. Total damage and cost: CZK 68,200:
| Theft of takings totalling | CZK 20,000 |
|---|---|
| Unauthorized transactions by his card | CZK 30,000 |
| Fees for the stoplisting and issuance of a new card | CZK 4,000 |
| Cost of purchasing his new mobile phone | CZK 5,000 |
| Cost of purchasing his new wallet | CZK 500 |
| Cost of purchasing a new notebook | CZK 3,000 |
| Cost of purchasing new glasses | CZK 2,000 |
| Cost of exchanging the locks | CZK 3,000 |
| Cost of having new identification documents issued | CZK 500 |
| The fee for issuing a new card (CZK 200) has been automatically refunded to the client’s account thanks to the insurance | CZK 200 |
Thanks to having his card insured, Profi Merlin helped him to deal with the problem and reimbursed him for the entire damage in return for a mere CZK 468 per year!
