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Do You Need Identity Theft Insurance? Des Moines IA

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.

State Farm Bank
(515) 256-6480
4229 Fleur Dr
Des Moines, IA
 
Insurance Networking Systems Inc
(515) 243-1223
2611 Ingersoll Ave
Des Moines, IA
 
Flesher & Associates
(515) 274-5500
1239 73 Road St
Des Moines, IA
 
American National Insurance Co
(515) 255-9053
3125 Douglas Ave
Des Moines, IA
 
National Insurance Crime Bureau
(515) 256-0989
2828 Thornton Ave
Des Moines, IA
 
State Farm Insurance
(515) 274-3444
4040 University Ave Ste B
Des Moines, IA
 
State Farm Insurance Companies
(515) 274-3444
4040 University Ave
Des Moines, IA
 
State Farm Insurance
(515) 277-6331
2629 Beaver Ave
Des Moines, IA
 
Ackelson Harold Insurance
(515) 262-0888
Des Moines, IA
 
Emc Insurance Companies
(515) 280-2604
Des Moines, IA
 

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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Iowa Computer Crimes Laws

Civil Lawsuits Permitted?: Yes

Attempt Considered a Crime?: No

Misdemeanor Computer Crimes: Theft of data or services with value between $500 and $1000, aggravated misdemeanor; $200-500, serious misdemeanor; under $200, simple misdemeanor; access of computer, simple misdemeanor

Felony Computer Crimes: Theft of data or services with value over $10,000, class C felony; value between $1000 and $10,000, class D felony

Mental State Required for Prosecution: Knowingly

Code Section: 714.1 et seq.; 714E.1; 716.6B; 702.1A; 702.14

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

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