Insurance may protect holders of bad cards

Home Insurance Can Refund Bankrupt Gift Cards

It requires a claim but help is in site

More and more there are articles about gift cards becoming useless as the companies they are for go bankrupt. This has happened to Sharper Image, Circuit City and numerous other companies. A new and clever wrinkle has been suggested about a way to regain the value that has been lost on these 'dead' gift cards. It may actually be possible to tap your home/personal insurance to regain the value of the gift cards.

The challenge with using your personal insurance for a bankrupt gift card is that this requires a claim to be filed which takes time and can cost you money in future insurance raises. It is recommended to talk with a lawyer before filing any claim regarding a gift card but it is certainly comforting to know that the option may indeed exist.