Mobile device and purchase protection with the CIBC Costco Mastercard

The no-fee CIBC Costco Mastercard, only for Costco members, includes Mobile Device Insurance of up to $1,000 per claim for loss, theft or accidental damage for 2 years after purchase. It also includes Purchase Security for 90 days and Extended Warranty, which adds up to one year to the manufacturer's warranty.

Conditions: Charge the full cost of the phone or tablet to the card, or the portion financed through a Canadian wireless carrier or buy now, pay later service. Coverage is excess insurance underwritten by Belair Insurance Company Inc.; see the certificate of insurance for limits and exclusions. The card needs an active Costco membership. The CIBC Costco Business Mastercard includes the same coverages.