In the digital world, we are in today, identity theft is occurring more and more. It can be costly and slow to repair the damage after someone uses your identity to commit fraud or other crimes
What is Identity Theft Protection?
Identity theft insurance was created to cover some expense associated with identity theft. It compensates victims for money spent on restoring their financial identities and repairing their credit reports. Those expenses can vary from phone bills to legal help. Policies often have specialists that help guide victims through the identity restoration process
So What Does Identity Theft Insurance Usually Cover?
An identity theft protection policy may reimburse you for some expenses incurred from the day-to-day pursuits and attempts made trying to recover your identity and fix your credit.
Depending on the policy the following expenses may be covered:
Copies of your credit reports
- Notary fees
- Long-distance phone calls
- Mailing documents
- Lost wages
- Legal fees
- Credit monitoring services
- Childcare costs
It’s important to note that identity theft insurance does not cover direct financial losses you may incur as a result of identity theft. But it will reimburse some costs that happen after identity theft occurs.
Do I need Identity Theft Coverage
When considering whether to buy identity theft insurance, it’s important first to understand what your policy includes. For instance, one policy may cover some legal fees, but another may not.
Also if you have to take time off from work to recover your identity, you’ll want to know if your policy reimburses you for lost wages.
For the Best Identity Theft Protection in Tucson, Call Blake Insurance Group
If you want to discuss your identity theft insurance options, contact us today. We offer stand-alone identity theft policies as well as homeowners policies that may include it. We’re here to help.