Originally Posted by
garykung
The limit is $300/item and $1000/year.
But your logic is correct that you only get the maximum back.
Assume yes, although it may not necessary for AMEX to ask the item back.
Another alternative is either eBay or CL.
Your signature under penalty of perjury.
Buyer remorse happens. Unless the refund/exchange policies are harsh (such as Best Buy), most of us can make refund/exchnage without issue. This protection is provided aiming against harsh refund/exchange policies, including restocking fee.
On the other hand, purchase protection aims against any covered incidents.
IMHO - it is a complete misunderstanding of each individual program.
In a perfect you are correct, however our world is not perfect.
Given the difference is so huge (30x), someone is going to exploit it. And if PP only covers theft and damage, then someone need to commit perjury in order to exploit as we can’t control when theft happens. However the problem is it covers lost item as well. One only needs to be potentially less careful for him to lose something. He only needs to leave something on a train, or do something ‘less careful’. For example he can go one a boat trip and put the item on the edge of the boat, when a wave comes the item will fall off. Is this an lost item? Of course yes, and he gets up to 30x credit comparing to if he were to use return protection.