Identity theft is one of the most rapidly increasing forms of crime today, and it can be very difficult to prevent. Since practically any system can be compromised, including third-party systems not under your control, it becomes necessary to protect yourself through insurance. While there are individual insurance policies you can purchase, your homeowners insurance can also be used for this type of coverage.
Homeowner insurance policies will often protect a homeowner for cash or credit stolen up to a few hundred dollars, but identity theft is usually more serious than this. Homeowner insurance policies can vary, so you may want to check on your insurance coverage with your agent. Identity theft is usually fairly inexpensive to add to your homeowner insurance policy, and usually will only cost about $50 a year for coverage ranging from $10,000 to $1 million. The coverage will often also help you restore your identity through a case management service.
Individual credit cards often offer some form of identity protection and insurance coverage, but this will usually only protect you for the applicable card.
For more information about home insurance coverage and to get a quote contact Mike Leonard Insurance Agency in Carrollton, Texas.