Can Homeowners Insurance Cover Identity Theft?
A number of homeowners insurance companies cover identity theft as a part of their insurance policy, either as a separate policy or an endorsement. With most policies, this coverage provides the victim reimbursement for expenses lost during the process, including phone bills, lost wages, mailing costs and pre-approved legal fees. Fraud specialists are provided to walk the victim through the process of restoring their identity. According to the Insurance Information Institute, adding an identity theft endorsement to your homeowners or renters insurance policy costs between $25 and $50 annually. 7 Tips to Help Protect Your Identity Identity thieves thrive on personal information. Bank statements, credit reports, malicious computer viruses, check stubs or internet searches can provide enough information to steal someone’s identity. Here are some tips to help protect your identity: • Never give personal information to anyone over the telephone. • Keep non-essential cards (medical card, ide
