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Do You Need Identity Theft Insurance? Albuquerque NM

No insurance policy can truly prepare you for identity theft. Identity theft insurance does not actually cover you for the monetary loss you suffer from identity fraud. Read on and know more.

Allstate Insurance Companies
(505) 344-4377
405 Montano Rd NE
Albuquerque, NM
 
Southwest Casualty Company
(505) 345-7260
3900 Singer Blvd NE
Albuquerque, NM
 
R D F Financial
(505) 792-9770
PO Box 66240
Albuquerque, NM
 
Titan Auto Insurance
(505) 292-0838
11500 Menaul Blvd NE Ste C
Albuquerque, NM
 
Cobb Dan & Associates Insurance
(505) 294-5700
PO Box 27087
Albuquerque, NM
 
Garcia-Sandoval Elizabeth
(505) 830-1112
7401 Menaul Blvd NE
Albuquerque, NM
 
Allstate Insurance
(505) 266-2373
520 Chama St NE
Albuquerque, NM
 
State Farm Insurance Companies
(505) 292-4646
10301 Comanche Rd NE
Albuquerque, NM
 
Associated Insurance Professionals Inc
(505) 836-5511
139 Old Coors Dr SW
Albuquerque, NM
 
Allstate Insurance Companies
(505) 881-9171
4004 Carlisle Blvd NE
Albuquerque, NM
 

Do You Need Identity Theft Insurance?

Provided By: 

Identity Theft Insurance

400,000 victims a year and a small premium to pay for coverage, but is it still good value for your insurance dollar?

It’s that sinking feeling that no insurance policy can truly prepare you for: you have just been the victim of identity theft. Someone has stolen your driver’s license, Social Security number and most catastrophically, your credit card. Before you realize anything’s awry, this thief has racked up thousands of dollars in debt, rented apartments or cars, and made big-ticket purchases – all in your name. You can’t possibly pay off this stranger’s reckless spending spree, and suddenly your credit rating is in tatters.

Thankfully, insurance companies do offer indemnity for this growing problem, and at first glance it looks like a wise policy to have in place. The premiums on identity theft insurance (also called identity fraud insurance) can run as low as $25 a year and provide about $15,000 worth of coverage. This fee can be added to your current polices for home insurance or travel insurance , or it can be set up as a stand-alone account. Though accurate figures are hard to pin down, the Federal Trade Commission estimates that there are somewhere between 160,000 and 400,000 victims of identity fraud in America each year, and the number has been steadily rising.

So why wouldn’t you rush out and get such an affordable policy if you haven’t already?

Well, there is one important thing to keep in mind before you do: identity theft insurance does not actually cover you for the direct monetary loss you suffer from identity fraud. That’s right. If the crook goes out and buys $5,000 worth of DVDs on the Internet with your credit card number, the insurer isn’t going to turn around and pay off that bill for you. Instead, what the policy does cover is the expenses you incur setting your financial house back in order. These expenses can include:

  1. Fees for reapplying for loans that were turned down because of incorrect credit...

Click here to read the rest of this article from Insurance Guide 101

New Mexico Computer Crimes Laws

Civil Lawsuits Permitted?: No

Attempt Considered a Crime?: No

Misdemeanor Computer Crimes: Any of the following, causing damages less than $250: access; access plus scheme to defraud; alter, damage or destroy hard/software; disclosure, copy or display of computer information; less than $100 is a petty misdemeanor

Felony Computer Crimes: Any of the following, causing damages greater than $250: access; access plus scheme to defraud; alter, damage or destroy hard/software; disclosure, copy or display of computer information; $250 to $2500 in damages, 4th degree felony; $2500 to $20,000, 3rd degree felony, $20,000 or greater, 2nd degree felony

Mental State Required for Prosecution: Knowingly, willfully

Code Section: 30-45-1, et seq.

Source: http://statelaws.findlaw.com/

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