Identity Theft Insurance
Each year, more than 85,000 people become victims of identity fraud,
according to the Federal Trade Commission.
Identity theft insurance provides reimbursement to crime victims
for the cost of restoring their identity and repairing credit reports.
Some companies now include it as part of their homeowners insurance
policy. Others sell it as either a stand alone policy or as an endorsement
to a homeowners or renters insurance policy.
On average, these policies cost between $25 and $50 for $15,000
to $25,000 worth of coverage. Identity theft insurance provides
reimbursement for expenses such as phone bills, lost wages, notary
and certified mailing costs and sometimes attorney fees with the
prior consent of the insurer.
The following companies offer identity theft insurance:
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