There are many companies that provide identity theft insurance. This type of insurance provides reimbursement of the cost for restoring identity and repairing any credit reports.
You might also want to check your homeowner's insurance policy first, as some are providing identity theft insurance as part of the homeowner's coverage. Some insurers offer this as a separate policy or it can be included as an endorsement to a homeowners or renters insurance policy.
You'll find that the cost should be around $50 for $25,000 worth of coverage. The expenses covered would be things like your phone bills, wages lost from the time you spent in fixing the problem, notary and certified mailing costs and maybe attorney fees if you check first with your insurer.
These are different than the credit monitoring services, as credit monitoring services watch for changes (hopefully suspicious ones) on your credit report and then inform you that something is happening to your credit.
Here's reputable companies that offer insurance for identity theft
AIG
www.aig.com
Farmer's
www.farmers.com
Fierman's Fund
www.firemansfund.com
Liberty Mutual
www.libertymutual.com
Travelers Insurance
www.travelers.com
Keep in mind that insurance for identity theft will not protect you from identity theft. It will only reimburse you for the costs encountered in restoring your credit to where it was before the problem started.
Copyright (c) 2006 |
