by: Djai Tanji
Identify theft is when someone uses your personal identifying information (your name, credit card number, Social Security number) without your permission in illegal activities or crimes. And Identify Theft Insurance provides reimbursement to victims of fraud and such crimes to help them restore their identity and repair credit reports. The reimbursement also includes lost wages, administrative expenses and even attorney fees. But of course, there is a specified and stated amount for this. Nowadays, homeowners insurance includes Identify theft as a part of the policy. While there are some companies who sell it as a stand alone policy or sometimes, as an endorsement to a homeowner’s insurance policy.