BMO World MasterCard Travel Protection

1 Inside You ll find all You need to know about the BMO World MasterCard Travel Protectionfeatures and benefits included with Your BMO World World MasterCard * Travel ProtectionPOLICY OF INSURANCE10060712_TB_World_T+C_Trv_Prot_ EN 2019-12-05 10:45 PM Page aPOLICY OF INSURANCEIMPORTANT NOTICE PLEASE READ CAREFULLYThis Policy of insurance is designed to cover losses arisingfrom sudden and unforeseeable circumstances only. It isimportant that You read and understand this Policy as Yourcoverage is subject to limitations and to examine this insurance :If You notify Us that thisinsurance does not meet Your needs within ten (10) days of thedate of issue, We will provide a full refund if You have notalready departed on a Trip and have not incurred a are only available when the Operations Centre receivedYour request for a refund before Your scheduled Departure Policy of insurance does not include Travel the event of a claim reported under this Policy of insurance ,Your prior medical history may be reviewed by Us.

2 You may contact Allianz at the following address: AllianzGlobal Risks US insurance Company, 130 Adelaide StreetWest, Suite 1600, Toronto, ON M5H 3P5, 1-866-658-4247. For all benefits excluding accidentalDeath and Dismemberment: ThisCertificate/Policy contains a provisionremoving or restricting the right ofthe insured to designate persons towhom or for whose benefit insurancemoney is to be READ YOUR POLICY/CERTIFICATE CAREFULLY BEFOREYOU Common Carrier Accidental Death and Dismemberment benefit described inthis Policy of insurance is underwritten by Chubb insurance Company of Canadaunder Group Policy No. 6477-45-30 and is effective September 1, 2012. The InsuredPerson and any claimant under this insurance may request a copy of the GroupPolicy subject to certain access restrictions from: Chubb insurance Company ofCanada, 199 Bay Street, Suite 2500, Box 139, Commerce Court Postal Station,Toronto, ON, M5L 1E2.

3 All other benefits , such as Car Rental Collision DamageWaiver, Car Rental Accidental Death and Dismemberment, Car Rental PersonalEffects, Unexpected Return Home, Flight Delay and Baggage and Personal Effectsinsurance are offered by Allianz Global Risks US insurance Company (CanadianBranch) Allianz to You under an individual policy. The Insured Person and anyclaimant under this insurance may request a copy of the policy subject to certainaccess restrictions. Your BMO MasterCard number is Your policy number withrespect to any such individual insurance . The insurance described in this Policy ofInsurance is for eligible MasterCard Primary Cardholders of Bank of Montreal BMO whose Accounts are in Good Standing and where specified, their Spouses,Dependent Children and/or certain other persons (referred to herein as You or Your ).

4 This insurance is administered by Allianz Global Assistance through theOperations Centre with the exception of Common Carrier Accidental Death andDismemberment benefit which is administered by CSI Brokers Inc. All benefits are subject, in every respect, to the terms of the Policy, which aloneconstitutes the agreement under which payments are made. Only BMO maydetermine who is a Primary Cardholder and whether an Account is in Good Standing. No person is eligible for coverage under more than one policy of insuranceproviding insurance coverage similar to that provided hereunder. In the eventthat any person is recorded by Us as an Insured Person under more than onesuch policy, such person shall be deemed to be insured only under the policywhich affords that person the greatest amount of insurance coverage.

5 In noevent will a corporation, partnership or business entity be eligible for thisinsurance coverage. This Policy supersedes any policy previously issued to +C_Trv_Prot_EN 2019-12-05 10:45 PM Page bTABLE OF CONTENTS1 Definitions .. 32 Policy Effective and Termintation Date .. 63 Eligibility .. 6 Section A: Your Car Rental, Trip Assistance, UnexpectedReturn Home benefits , Flight Delay andBaggage and Personal Effects from AllianzGlobal Risks US insurance Company (CanadianBranch)..64 benefits Coverage Period and Description of Coverages 6 Car Rental benefits .. 6 Collision Damage Waiver (CDW) benefits .. 7 Car Rental Accidental Death and Dismemberment benefits ..8 Car Rental Personal Effects benefits ..10 Car Rental benefits Exclusions and Limitations.

6 10 General Car Rental Exclusions and Collision Damage Waiver BenefitsExclusions and Car Rental Personal Effects BenefitsExclusions and Limitations ..13 Unexpected Return Home benefits and Trip Assistance ..13 Unexpected Return Home benefits ..13 Trip Assistance Services ..14 Legal Assistance Services ..15 Flight Delay Coverage Period and Flight Delay benefits Exclusions and Baggage and Personal Effects 16 Coverage Period and Baggage and Personal Effects benefits Conditions ..186 General Provisions ..197 Claim Filing Procedures ..208 Protecting Your Personal +C_Trv_Prot_EN 2019-12-05 10:45 PM Page 1 Section B: Your Common Carrier Accidental Death andDismemberment insurance from Chubb insurance Company of Definitions.

7 2410 benefits Coverage Period and Description ofCoverages ..25 Accidental Death and DismembermentBenefits ..25 Accidental Death and DismembermentExclusions and Claim Filing Procedures ..2710060712_TB_World_T+C_Trv_Prot_EN 2019-12-05 10:45 PM Page 23In this Policy of insurance , certain terms have definedmeanings. Those defined terms (other than thosespecifically defined in Section B of this Policy) are asfollows. Defined terms are capitalized throughout thisdocument. 1 DEFINITIONSA ccidental Bodily Injurymeans bodily injury caused directlyand independently of all other causes by external and purelyaccidental means. The accident must occur during theCoverage Period and the loss to which the insurance appliesmust result within three hundred and sixty-five (365) days ofthe date of the bodily injury and must not result from any ofthe the Primary Cardholder s MasterCard account,which is in Good Cash Valuemeans We will pay the lesser of: the actual purchase price of a similar item; the actual cash value of the item at the time of loss, whichincludes deduction for depreciation (for items withoutreceipts the insurance will pay up to 75% of the determineddepreciated value).

8 Or the cost to repair the luggage and personal possessions, whetherowned, borrowed or rented, and taken by You on the Carriermeans any land, air or water conveyancefor regular passenger service, which is fully licensed to carrypassengers for compensation or hire and which undertakes tocarry all persons indifferently as to who may apply forpassage, so long as there is room and there is no legal excusefor Periodmeans the time insurance is in effect, asindicated in the various sections of this Policy of Datemeans the date on which You depart on C hild(ren)means an unmarried natural, adoptedor stepchild of a Primary Cardholder dependent on the PrimaryCardholder for maintenance and support who is: under twenty-one (21) years of age; under twenty-six (26) years of age and a full-time studentattending a recognized college or university.

9 Or twenty-one (21) years of age or older and permanentlymentally or physically challenged and incapable of self-support and became so while eligible as a dependent Itemsmeans necessary clothing and/or toiletriespurchased during the time period in which checked Baggagehas been C ardholdermeans a Primary Cardholder s Spouseand/or Dependent Child who have been issued asupplemental MasterCard on the Account by +C_Trv_Prot_EN 2019-12-05 10:45 PM Page 34 Good Standingmeans being in full compliance with all of theprovisions of the Cardholder Agreement in force between thePrimary Cardholder and BMO, as amended from time to Family Membermeans the Insured Person sSpouse, child i ncluding adopted children and stepchildren,parent, sibling, legal guardian, parent-in-law, grandparents,grandchildren, daughter-in-law, son-in-law, brother-in-lawand sister-in-law.

10 Insured Personmeans those persons covered for the benefitsdescribed in this Policy of insurance as specifically defined ineach of the benefit a BMO World MasterCard issued by Disappearancemeans when the article ofpersonal property in question cannot be located, and thecircumstances of its disappearance cannot be explained anddo not lend themselves to a reasonable inference that a in, upon, entering into or alighting Centremeans the Operations Centre maintainedby Allianz Global Assistance. From Canada and the call1-877-704-0341. From elsewhere call collect 1-519-741-0782. Personal Effectsmeans property normally worn or designedto be carried on or by an Insured Person solely for privatepurposes and not used for or Policy of Insurancemeans this document whichprovides the terms and conditions of this insurance and issuedto You by Us Primary Cardholdermeans the cardholder who has signed anapplication for a MasterCard , as primary cardholder, and forwhom the MasterCard Account is established.