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Do You Need Identity Theft Insurance? Burlington VT

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.

Dwight John K Office
(802) 540-0025
60 Lake St
Burlington, VT
 
Cruz Ins Agency Inc
(802) 862-2322
1174 North Ave
Burlington, VT
 
Vermont Specialty Underwriters
(802) 862-4635
102 S Winooski Ave
Burlington, VT
 
Dwight John K Asset Mgmt Co Inc
(802) 862-1246
100 Bank St
Burlington, VT
 
Metlife Auto & Home
(802) 862-7824
346 Shelburne Rd
Burlington, VT
 
Leadville Insurance
(802) 864-2300
84 Pine St
Burlington, VT
 
Brown Bridgman & Co
(802) 863-3437
266 Main St
Burlington, VT
 
Aflac Vermont North
(802) 864-3900
Burlington, VT
 
State Farm Ins Co
(802) 658-2034
444 S Union St
Burlington, VT
 
Lindley John M Insurance Agency Inc
(802) 658-2034
444 S Union St
Burlington, VT
 

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...

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Vermont Computer Crimes Laws

Civil Lawsuits Permitted?: Yes

Attempt Considered a Crime?: No

Misdemeanor Computer Crimes: -

Felony Computer Crimes: -

Mental State Required for Prosecution: Knowingly, intentionally

Code Section: Tit. 13 §4101 et seq.

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

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