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Do You Need Identity Theft Insurance? Cheyenne WY

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.

Delta Dental Plan of Wyoming
(307) 637-0181
320 W 25th St Ste 301
Cheyenne, WY
Hirsig Tom
(307) 635-6266
1518 Converse Ave
Cheyenne, WY
Brewster Miller Financial Group
(307) 632-9281
Cheyenne, WY
Stevenson Ercella
(307) 638-7770
1114 Logan Ave
Cheyenne, WY
New York Life Insurance
(307) 772-8001
300 E 8th Ave
Cheyenne, WY
Blue Cross & Blue Shield of Wyoming
(307) 432-2886
Cheyenne, WY
Allstate Insurance
(307) 635-6266
1518 Converse Ave
Cheyenne, WY
Murray Ed & Sons
(307) 635-4231
1904 Warren Ave
Cheyenne, WY
Maggard Phil Insurance Agent
(307) 632-6722
5420 Yellowstone Rd
Cheyenne, WY
Farmers Union Insurance
(307) 772-3333
2823 Central Ave
Cheyenne, WY

Do You Need Identity Theft Insurance?

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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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Wyoming Computer Crimes Laws

Civil Lawsuits Permitted?: No

Attempt Considered a Crime?: No

Misdemeanor Computer Crimes: Crime against computer equipment and supplies

Felony Computer Crimes: Crimes against intellectual property (means data including programs); crimes against computer equipment and supplies if done with intent to scheme, defraud, or obtain property; crimes against computer users when value is above $750

Mental State Required for Prosecution: Knowingly

Code Section: 6-3-501, et seq.


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