Identity theft is a serious crime affecting millions of people each year. As the crime becomes more common, you should consider talking to your home insurer about identity theft protection. Whether you’ve had your identity stolen or not, it’s important to take steps to protect yourself.
Many insurers offer this service as a way to protect their customers, and it typically covers things like credit monitoring, identity restoration, and more. The average cost for identity theft insurance varies depending on the provider, but it’s usually pretty affordable.
Let’s take a closer look at some reasons why you should ask your insurance provider about identity theft protection.
Contents
6 Reasons Why You Should Ask About Identity Theft Protection
Homeowners should review their insurance policy annually. If it’s been a while since you’ve looked over yours, here’s a few reasons why you should overhaul your homeowner’s insurance policy.
#1 – To Protect Yourself From Identity Theft
This is the most obvious reason, but it’s also the most important. If your identity is stolen, you could be left with thousands of dollars in debt, a ruined credit score, and a lot of hassle, all of which will get in the way of improving your home and your other day-to-day operations.
#2 – To Get Help If You Do Become a Victim of Identity Theft
Identity theft protection can give you access to experts who will help you cancel accounts, file police reports, and more.
For example, if your identity is stolen and used to open a new credit card account, you can report it to the credit bureau and have the fraudulent account removed from your credit report.
#3 – To Have Someone on Your Side If Your Identity Is Stolen
It’s important to know that you’re not alone if your identity is stolen. Identity theft protection can give you the support you need to get through it.
Your insurer can personally help you with identity restoration, and they may even have a team of experts to help you.
#4 – To Have Peace of Mind
Identity theft is a serious issue, and it’s one that can be very stressful. If you have identity theft protection, you’ll be able to relax knowing that you’re covered if something happens. It’s always better to be prepared rather than to be caught off guard.
#5 – To Save Money
Identity theft can cost you a lot of money, but identity theft protection can save you money in the long run.
For example, it could cost you thousands to hire a lawyer to help you restore your identity, but identity theft protection can give you access to experts for a fraction of the cost. That way you’ll be able to get your life back to normal without breaking the bank.
#6 – To Protect Your Family
If you have identity theft protection, your family will be protected as well. This can be a great way to peace of mind for everyone involved. You can typically add family members to your plan for just a few additional dollars per month, and it can be well worth the protection offered.
If you’re concerned about identity theft, talk to your home insurer about getting some extra coverage. It’s a great way to protect yourself, and it could save you a lot of money and hassle in the long run.
What services can my insurer provide?
One way to get identity theft protection is by asking your home insurer about what they can specifically offer. Typically they can cover things like credit monitoring, identity restoration, and more. Let’s dive into these services in more detail.
Credit Monitoring
Credit monitoring is a service that alerts you if there are any changes to your credit report. This can be helpful in identity theft prevention, as it can help you catch identity thieves early on.
Identity Restoration
Identity restoration is a service offered by some identity theft protection providers. If you become a victim of identity theft, identity restoration can help you get your life back on track.
This can include things like helping you cancel fraudulent accounts, getting your name removed from public records, and more.
What’s the average cost of identity theft insurance?
The average cost of identity theft insurance varies depending on the provider, but it’s typically pretty affordable.
This is a small price to pay for the peace of mind that comes with knowing you’re protected from identity theft. It can cost anywhere from $5 to $30 per month, depending on the provider.
Take Advantage of Discounts
Some insurers offer discounts on identity theft protection services if you purchase them through the insurer. By bundling this service with your other insurance policies, it’s a great way to save your extra cash.
Which home insurance companies provide identity theft protection
There are a few different insurance companies that provide identity theft protection. Some of the most popular include Allstate, State Farm, and Liberty Mutual:
- Allstate identity theft protection includes credit monitoring, identity restoration, and more. It starts at $5 per month but ranges up depending on how many family members you’d like to add.
- State Farm identity theft protection can also provide credit monitoring, identity restoration, and other customizable protections. It starts at $8.99 and ranges up to $25 per month.
- Liberty Mutual identity theft protection offers credit monitoring and identity restoration. It starts at $9.99 per month for an individual plan and also offers family plans.
These are just a few of the many insurance companies that provide identity theft protection. Talk to your local insurer to see if they offer this service. They are a crucial consultant you should see before buying your dream home or even if you’ve been a homeowner for years.
Keep Yourself Protected
Identity theft protection is a great way to protect yourself from identity theft. Talk to your home insurer about identity theft protection today. It could save you a lot of money and hassle in the long run.
Remember, the best way to protect yourself from identity theft is to be proactive. So don’t wait until it’s too late. Get identity theft protection today.