Financial institutions always provide liability agreements with their cards and services. The liability agreements may be long, technical, and difficult to read. Nonetheless, they are imperative to read and may be the difference between full reimbursement and no reimbursement.

If you are having a difficult time understanding the terms of the liability agreement, contact the financial institution directly, and ask to speak to someone that can assist you with understanding the terms. Today, these liability agreements are typically in an online form. You simply scroll down to the bottom of the agreement, and click “agree.” While this may seem like the most convenient and efficient course of action, it may also lead to trouble. If you do not have time to read the agreement, simply print the document, and set it aside until you have a few spare moments. Be sure to read the information as soon as possible, since many of the terms of service may change throughout the year.