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Do You Need Identity Theft Insurance? Boston MA

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.

Tyson R. Ence
(617) 482-4455
77 FRANKLIN ST FL 3
BOSTON, MA
Specialties
Criminal Defense, Employment, Landlord & Tenant, Identity Theft, Contracts
Education
New England School of Law,Utah State University
State Licensing
Massachusetts

Steven Jj Weisman
(617) 252-0704
43 Thorndike Street
Cambridge, MA
Specialties
Elder Law, Estate Planning, Identity Theft
State Licensing
Massachusetts

Steven Jj Weisman
(617) 252-0704
43 Thorndike Street
Cambridge, MA
Specialties
Elder Law, Estate Planning, Identity Theft
State Licensing
Massachusetts

Peter McLaughlin
(617) 502-3265
111 Huntington Ave., 26th Floor
Boston, MA
Specialties
Business, Health Care, Identity Theft
State Licensing
Massachusetts

Sullivan Elaine
(617) 314-4345
99 High St
Boston, MA
 
Peter McLaughlin
(617) 502-3265
111 Huntington Ave., 26th Floor
Boston, MA
Specialties
Business, Health Care, Identity Theft
State Licensing
Massachusetts

Tyson R. Ence
(617) 482-4455
77 FRANKLIN ST FL 3
BOSTON, MA
Specialties
Criminal Defense, Employment, Landlord & Tenant, Identity Theft, Contracts
Education
New England School of Law,Utah State University
State Licensing
Massachusetts

Kyle R. Guelcher
(413) 781-4800
45 Willow Street, Suite 321
Springfield, MA
Specialties
Litigation, Copyright Application, Trademark Application, Contracts, Business, Commercial, Debt Collection, Entertainment, General Practice, Intellectual Property, Trademark Infringement, Speeding Ticket, Lawsuits & Disputes, Identity Theft
Education
Western New England College School of Law,North Carolina Wesleyan College
State Licensing
Connecticut, Massachusetts

Costa & Co Insurance and Investments
(617) 737-8439
99 Summer St
Boston, MA
 
Insurance Store
(617) 288-8952
Boston, MA
 

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

Massachusetts Computer Crimes Laws

Civil Lawsuits Permitted?: No

Attempt Considered a Crime?: Yes

Misdemeanor Computer Crimes: none

Felony Computer Crimes: none

Mental State Required for Prosecution: Intentionally

Code Section: Ch. 266 §33A

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

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