Fortunately, insurance coverage is available to protect and help against losses associated with identity theft.  Insurance cannot prevent identity theft, but certainly can mitigate many of the problems associated with this crime.

Some of the coverages available include

• Recovery of lost wages as a result of time taken off from work to deal with the fraud, including wrongful incarceration.  Lost wages have been cited as the biggest headache for victims of identity theft.
• Reimbursement of notary and certified mailing charges for completing and delivering fraud affidavits or similar documents.
• Recovery of fees to re-apply for loans that were denied due to erroneous credit information due to identity theft.
• Reimbursement for long distance telephone charges for calling merchants, law enforcement agencies or credit grantors to discuss an actual identity theft.
• Reimbursement of attorney fees incurred for:
  • Defending suits brought incorrectly by merchants or their collection agencies
  • Removing criminal or civil judgments wrongly entered against the victim
  • Challenging information in a credit report

Contact us for specific details of coverage details and coverage availability.

For further information about Identity Theft, the Federal Trade Commission has a website at http://www.consumer.gov/idtheft/.