Need Identity Theft Protection
Identity Theft Protection Insurance

If you or somebody that you know has already fallen victim to criminal identity theft, you will no doubt be aware of the work, inconvenience and costs that follow. Identity theft protection insurance can provide reimbursement of costs to people that have fallen prey to a fraudster. These costs include but are not limited to things such as phone bills, lost wages, mailing costs and, in some instances, legal fees.

Although Identity theft can take several different forms, it is generally defined as the use of somebody else's personal information for personal gain. In the majority of identity theft cases, the criminal will use the obtained information to make purchases using the victims credit card accounts or to apply for loans.

Credit card companies offer services such as the termination of the credit card account of a person when he or she reports their card to be lost or stolen. However, for potential expenses to be minimized, the identity theft victim needs to report their lost or stolen credit card before the identity thief has had a chance to use it. The problem comes in when the victim is not always immediately aware that their credit card has gone missing. Also, in these days of computers and the internet, identity thieves may not even need the physical card to start making purchases on your account.

A recent new offering from some companies is that of a credit monitoring service which basically monitors your credit card accounts for any unusual or out of the ordinary spending habits. They may also provide you with daily and weekly reports to make you aware of any doubtful charges in your accounts.

Although these services may be of asssitance in some instances, they would be of little or no help if charges have already been made to your credit card account or if your personal information has already been misused.

To provide an added measure of security against this problem, many insurance companies have started offering identity theft insurance. Although charges vary, depending on the amount of money that you want to cover, yearly premiums normally come in around $25.00 to cover amounts up to $25,000. However, you should be aware that most identity theft insurance does not cover money that has already been stolen from you. Furthermore, your normal home insurance may already cover you but you will need to read your policy document or contact your insurance company to find out for sure.

With identity theft has becoming a national concern, and the number of identity theft cases growing at an alarming rate, it is expected that identity theft insurance will become as common as most standard insurance policies on the market today.

However, at the end of the day, prevention is better than cure and it really is good advice to first be careful with how we handle our personal information. Although having a back up plan such as identity theft insurance is a very welcome idea, it is nevertheless advisable to look at ways of preventing identity theft in the first place.

 Information Security and ID Theft
 What Identity Theft is About
 How Identity Theft Works
 Signs of Identity Theft
 Identity Theft Credit Repair
 Identity Theft in the UK
 Type of Identity Theft
 Why People Commit ID Theft
 Criminal Identity Theft
 Information About Identity
 Passport Identity Theft
Credit Card ID Theft
 Credit Card Identity Theft
 Pre Approved Credit Cards
 Debit and ATM Card Identity Theft
ID Theft In Business
 Business Identity Theft
 Access Code Identity Theft
Identity Theft On The Internet
 Identity Theft Phishing
 Online Identity Theft
Protecting Against ID Theft
 Learn Identity Theft Protection
 Guard Against Identity Theft
 Need Identity Theft Protection
Document Shredders
 Cross Cut Paper Shredders
 Confetti Paper Shredder
 Heavy Duty Paper Shredder
 Paper Shredders Office Use
 Cross Cut CD Shredder
Identity Theft Reporting
 Identity Theft Reporting
 How to Report Identity Theft
 Report Stolen Credit Cards
 Stolen Personal Checks
 Credit Reporting Agencies