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Identity theft insurance
Identity theft is a major problem that has cost millions of people significant time and money. Insurance coverage on your homeowner policy could alleviate your stress and liability should you become a victim of identity theft.
Each year Americans spend 300 million hours and incur $5 billion in personal expenses cleaning up problems caused by identity theft.
Identity theft can be expensive and time-consuming for the victim, particularly in cases where the thief has opened new accounts or created a fictitious identity. In these cases, the cost to a victim to correct the problem averages:
- 60 hours of personal time
- $1,200 in out-of-pocket expenses
Identity theft insurance is available as part of your homeowner policy.