The number of identity thefts is going up every year. It seems like the more security that we place, the more thefts that there are. It’s a serious crime that can cause problems for years to come. One of the common questions that we get about homeowner’s insurance policies is if it covers identity theft?
Every year there are three million Americans that fall victim to some identity theft. These victims could experience years of frustrating and a tarnished credit score. The best way to protect yourself from that is to have identity theft protection.
Our agents not only understand the important of protection your investments, like your home or your car, but we also know that your identity is one of the most important things. We can help you get the security that you need.
If someone were to steal your identity, they could go on a rampage with your personal information. They would be able to open up various credit cards, rent a home, or even get a whole new job based on your info. Victims of identity theft are going to have much lower credit scores that can take years to improve. It’s easy to see why the protection of your identity is so important.
At Longevity Brokers, we are dedicated to ensuring that you have all of the insurance policies that you and your loved ones need to protect all areas of your lives. We provide quality and affordable policies for everything from your homeowner’s insurance to your auto insurance.
Identity Theft Protection and Homeowner’s Insurance
Because identity theft has started becoming so common in the United States, identity protection is becoming a hot topic among policyholders looking for insurance. There is a chance that homeowner’s or renter’s policy could have identity theft insurance. Each homeowner’s insurance policy is different, which means all of have different coverages. Some plans will have identity theft protection, while others won’t.
Some insurance plans will provide coverage, but it’s very minimal coverage that isn’t sufficient. For example, some insurance plans will give you a limit of $50 of reimbursement on your credit cards and $200 or less for cash. As identity theft continues to become more prevalent in our society, more and more insurance companies are starting to add this type of coverage to their plans, but it’s an addition that differs from company to company. You’ll need to check your policy to see if any protection is included or ask your agent to check for you. If you’re shopping for homeowner’s insurance, you can ask the agent if there is any additional coverage in the plan that you’re buying.
Protecting Your Identity
The best way to protect yourself from identity theft is to be careful with your information and always cautious of your shopping habits and of any offers that seem suspicious. Aside from guarding your information, having quality identity theft insurance will give you additional coverage to protect yourself against malicious activity that could wreck your finances and your credit score.
These types of insurance policies are a little different than other forms of information. You won’t be able to buy one of these plans as a standalone product, but you can attach them to a renter’s insurance policy or a homeowner’s plan. In most cases, it’s extremely cheap to add on to your plan, usually around $25 every year for the additional coverage. Each insurance policy is a little different, but just about all of them will provide you with an identity fraud professional if you ever have your information stolen. Additionally, the policy will ensure that you get reimbursed for any charges or fees that the thief uses on your account. Each policy is different, but most insure $30,000 for a policy period. That reimbursement can include anything from lawyer fees to lost wages while dealing with the identity theft.
Just like other areas of your life, you need to protect your identity from those people out there that want to steal it. Having your precious information stolen could lead to years and years of frustration and work to rebuild your credit. There are a few simple ways that you can protection your information, and one of those ways is to have the proper insurance in place. Additionally, you should always monitor your bank accounts and credit score diligently. If you notice any suspicious transactions or activity on your accounts, make sure to contact your bank or credit card company immediately. The sooner that you’re able to take control of the situation, the less damage that will be done.
There are several ways to know if your identity has been stolen, one of the most common is when you file your taxes, and you receive an email that says someone has already filed your taxes. This is a huge red flag because you should be the only one that is filing taxes using your Social Security number (obviously).
If you have any questions about homeowner’s insurance or about getting identity theft protection, please contact us today. We want to save you all the pain and frustration of having your personal information ripped from you. Don’t’ wait any longer to get the protection that you and your loved ones deserve. `
At Longevity Brokers, we are proud to provide the Denver, Colorado area with quality insurance products that protect every area of their life. Everything from their home to their car. Not only do well sell affordable insurance products, but we also help our clients make informed decisions about their insurance needs. We know that finding the best plan to meet your needs can be an overwhelming process, but we are here to help. If you don’t have adequate homeowner’s insurance because you think that it’s going to be too expensive, don’t worry, there are several ways that we can help you get lower insurance premiums for your coverage.
If you have any questions or want to get the best insurance plans for your life or about what your homeowner’s insurance policy covers, please contact our agents, you can call us at (720) 209-4598, or you can use our contact page, and one of our experienced agents will contact you as soon as possible.