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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.

Shelter Insurance
(515) 280-3500
4489 NW 2nd St Ste 4
Des Moines, IA
Goodwin Network of Advisors
(515) 334-2300
3030 Merle Hay Rd
Des Moines, IA
Farmland Mutual Insurance Company
(515) 508-3300
1100 Locust St
Des Moines, IA
Merchants Bonding Co (Mutual)
(515) 243-8171
2100 Fleur Dr
Des Moines, IA
State Farm Insurance Companies
(515) 278-4618
8541 Hickman Rd
Des Moines, IA
Cole Mary
(515) 265-7558
3521 E 26th St
Des Moines, IA
Allstate Insurance Companies
(515) 270-4818
5713 Madison Ave
Des Moines, IA
State Farm
(515) 274-0411
3812 Ingersoll Ave
Des Moines, IA
Sheeder Agency the
(515) 255-1250
3803 36th St
Des Moines, IA
Emc Insurance Companies
(515) 345-2631
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...

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

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


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