Reducing the Risk of ID Theft
The number of identity theft cases continues to increase, and the cost of grappling with the losses goes beyond the charges the thieves rack up. There is the lost time at work while you contact your creditors and all regulatory agencies involved—think DMV times 10. There are also the copying costs and records fees at many government and other institutions—your medical records are just one concern.
As identity theft continues to ensnare consumers, a rising number of insurers are offering services to policyholders that help reclaim one's identity and shut down fraudulent accounts.
An estimated nine million adults in the U.S. were the victims of some form of identity theft last year. The resulting problems range from a few fraudulent credit-card charges to a years-long battle to straighten out the financial mess caused by thieves who use stolen information to create bogus accounts and run up thousands of dollars in bills.
Some insurers are offering either ID-theft loss reimbursements or identity-restoration services as part of their homeowner and/or auto insurance policies.
For information on Identity theft coverage, please contact us.
You can also link to this government agency site for more information. Click Here