Minnesota Identity Theft Insurance
Identity theft is the act of taking someone’s personal information and using it to impersonate a victim, steal from bank accounts, establish phony insurance policies, open unauthorized credit cards or obtain unauthorized bank loans. In some more elaborate schemes, criminals use the stolen personal information to get a job, rent a home or take out a mortgage in the victim’s name.
Most homeowners and renters policies provide coverage for theft of money or credit cards; however, the amount of coverage is limited (usually $200 in cash and $50 on credit cards). Once you have reported the loss or theft of your credit card to the issuing company, you are responsible for only $50 of unauthorized use.
Some companies now include coverage for identity theft as part of their homeowners insurance policy. Check your policy to find out. At Insurance Brokers of MN, Inc. we can offer coverage with your homeowners or help you select a stand-alone policy or as an endorsement to a homeowners or renters insurance policy which can run about $25-$50 annually. Identity theft insurance provides reimbursement to crime victims for the cost of restoring their identity and repairing credit reports. It generally covers expenses such as phone bills, lost wages, notary and certified mailing costs, and sometimes attorney fees (with the prior consent of the insurer).
Some companies also offer restoration or resolution services that will guide you through the process of recovering your identity.
If you don’t have it already, consider getting identity fraud protection. Considering what's at stake, it's a relatively small price to pay to help reclaim and restore your identity. Contact one of our Insurance Brokers of MN agents to assisted you in determine what coverage is best for you.
Complete the Quote Form now or call and let the professionals at Insurance Brokers of MN forge a shield of protection over you.
If you think someone is using your personal information to open accounts, file taxes, or make purchases, visit IdentityTheft.gov to report and recover from identity theft.
Tips for protecting your identity and finances
Insurance Brokers of MN - Your Identity Theft Insurance Expert
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While identity theft can happen to anyone, there are some things you can do to reduce your risk.