This type of insurance covers loss sustained through forgery or alteration of outgoing negotiable instruments made or drawn by you, or drawn on your account(s), or made or drawn by one acting as your agent. This includes loss caused by any of the following:
Checks or drafts made or drawn in your name, payable to a fictitious entity.
Checks or drafts, including payroll checks, executed through forged endorsements.
Alteration of the amount of a check or draft.