Identity Theft Insurance

Identity theft insurance helps protect individuals against financial loss due to identity theft or fraud. It often includes services to help recover stolen identities.

• Example:
  Identity Restoration Services: If a person’s identity is stolen, identity theft insurance can cover costs related to restoring their identity, including legal fees, credit report monitoring, and lost wages due to the time spent resolving the theft. For example, if a thief opens credit cards in your name, this insurance would help cover costs to repair the damage.
  • Financial Loss Coverage: If the identity theft results in direct financial losses, such as unauthorized charges or loans taken out in the victim’s name, the insurance can help reimburse these costs.