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identity theft and fraud >> identity theft insurance
Identity Theft Insurance
Identity Theft or Fraud insurance exists to provide reimburesement to victims for the cost of restoring and repairing their credit report. Some insurance companies offer it as part of their home owners policy. Some insurance companies and banks offer it as an additional policy, costing from around 5 per month.
The insurance will not normally cover money stolen due to the identity theft, but many people do not realise that any money stolen as a result of identity theft will be refunded, whether or not you have insurance cover, provided the victim has not been negligent.
Some insurance policies will also offer schemes such as alerts to let people know of any credit applications made in their name and access to experts who can help them if they do become a victim.
Identity theft or ID theft insurance can give you peace of mind but as with all other types of insurance it is important to shop around and ensure you take out a policy that suits your needs.
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