FORGERY OR ALTERATION COVERAGE
is the insuring agreement that applies when someone other than an owner or employee forges a signature on a check or other negotiable instrument in order to obtain funds belonging to the insured. Coverage does not apply to forgery or alteration of checks done by the named insured or any employee, manager, director, trustee or representative. Coverage is provided using either a standard ISO form or a Surety & Fidelity Association of America form.