Forgery or alteration coverage

{
  "id": "MLC-T-INS-001570",
  "term": "Forgery or alteration coverage",
  "field": "Insurance and risk management",
  "definition": "An insurance provision that protects against financial losses resulting from forged or altered checks, drafts, promissory notes, or other financial instruments. This coverage is typically included in commercial crime policies or as an endorsement to other business insurance. It reimburses the insured for direct losses caused by such fraudulent acts.",
  "url": "https://mlchart.com/terminology/insurance/forgery-or-alteration-coverage/"
}