Identity theft is the fastest-growing crime in the United States.* Identity theft occurs when someone uses your personal information (such as your name, Social Security number, or credit card) without your permission. It can disrupt your finances, credit history, and reputation. Restoring your identity and good name is a difficult, expensive, and time-consuming process.
- Costs for notarizing fraud affidavits and certified mail
- Fees for reapplying for loans due to incorrect credit information
- Travel expenses and long-distance telephone calls to report, discuss, or resolve the fraud
- Costs for new government IDs
- Tax ID fraud-related costs
- Lost income for time taken off work for resolution
- Pre-approved attorney’s fees to defend against lawsuits and remove criminal or civil judgments
In addition to expense reimbursements, identity theft insurance often includes proactive fraud alerts to help prevent identity fraud and guidance from consumer fraud specialists to help reclaim your identity if fraud occurs.
Identity theft insurance can be purchased as part of your homeowners policy, as an endorsement to a homeowners or renters insurance policy, or as a stand-alone policy.