The purchase protection insurance if an item is lost or stolen within 90 days is very misleading. The ads, and the ever helpful telephone representatives want you to have confidence that since you charged the item on American Express, it is covered. Well, unless you go to the website and look, that is not the case at all. The first $1, 000 of the purchase price is covered, however, if you have any homeowner's insurance, renter's insurance or other coverage, the American Express insurance is secondary. In addition, you sign an... read full review »