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Why Insurance Agents Should Offer Identity Theft Protection Service

Statistics in print, online and other media show that identity theft has become a major topic of discussion over the past few years. In fact, the figures regarding the costs and time involved in identity theft ' both for businesses and individuals is almost staggering. With this in mind, a new type of insurance has been established as a result. And it's known as personal identity theft insurance.

Personal Identity Theft Insurance Coverage

Here are some of the main points covered by personal identity theft insurance. Check with insurance agents in our area for more details and to see what's covered in your area.

1) At this point in time, personal identity theft insurance basically averages between $25 and $50 per year. It mainly covers up to around a sum total of $15,000 through $25,000 worth of expenses, including some lost wages that may result from time taken off work to handle the identity theft-related fraud issues. However, coverage incurred for this benefit most often will not surpass $500 in a week's time plus it is more often than not limited to four weeks in full of total coverage.

2) Some attorney fees may also be included in this coverage, so check accordingly with insurance agents / providers. They'll also have limits, if this is covered.

3) Some insurance coverage for personal identity theft may also extend to long distance fees, notary fees and certified postal mailing costs for the competing and delivering of fraud affidavits so that they go to the right parties involved.

4) Some additional fees that may be required when reapplying for new installment and other loans plus new credit cards, even for accounts that were possibly turned down earlier because of the fraudulent credit information may also be covered, at least to a certain extent with identity theft insurance.

Note that while personal identity theft coverage is in itself not an actual 'fix' for your credit record, history or criminal record, it does help pay for many expenses associated with the fix for you in time, help, money and reaching out to clear things up. Overall, the insurance for identity theft will most often cover expenses totaling up to and not exceeding $1,000. But every little bit helps! And to many, $1,000 can represent a huge chunk of time and money, especially when your know upfront that the chips will be down: i.e. that you'll be bummed, busy trying to juggle your regular daily activities while being right smack in the middle of chaotic theft.

Take steps to safeguard your private and personal information.

Help reach out to others you know to alert them to this info for their safety. Print out helpful articles like this and share copies with others, even emailing them as well to help others stay safe online and off.

Also bookmark helpful sites and blogs and subscribe to them. This will help you stay advised of alerts and updates regarding identity theft issues and topics are also great ideas.

So know you know why insurance agents should offer Identity Theft Protection Service. Spread the word!