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Do You Need Identity Theft Insurance? Elkton MD

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.

Sonya A Smith-Valentine
(301) 513-9500
7319 HANOVER PKWY STE C
GREENBELT, MD
Specialties
Identity Theft, Debt Collection, Credit Repair, Debt Settlement, Foreclosure
Education
Brooklyn Law School,Villanova University
State Licensing
DC, Maryland, New Jersey, New York

Craig Harrison Langrall
(410) 535-1780
132 Main Street, Prince Frederick
Prince Frederick,, MD
Specialties
Alimony, Litigation, Child Custody, Child Support, Contracts, Credit Card Fraud, Guardianship, Identity Theft, Domestic Violence, Prenuptials
Education
University of Maryland School of Law
State Licensing
Maryland

Russell P Butler
(301) 952-0063
1001 Prince George's Blvd, Suite 750
Upper Marlboro, MD
Specialties
Identity Theft, Violent Crime, Appeals, White Collar Crime, Federal Crime
Education
University of Baltimore School of Law,University of Maryland, College Park
State Licensing
DC, Maryland

McCool Insurance & Realtors Inc
(410) 392-3514
160 W Main St
Elkton, MD
 
State Farm Insurance Companies
(410) 398-2024
621 E Pulaski Hwy
Elkton, MD
 
Nicole E Kinsey
(888) 495-7289
4800 Hampden Lane, Suite 200
Bethesda, MD
Specialties
Estate Planning, Debt Collection, Debt Settlement, Credit Repair, Identity Theft
Education
George Washington University National Law Center,Johns Hopkins University,University of Virginia
State Licensing
DC, Maryland

Marc R Emden
(301) 762-7007
200A MONROE ST STE 200
ROCKVILLE, MD
Specialties
Criminal Defense, Personal Injury, Litigation, Speeding Ticket, Identity Theft
Education
American University, Washington College of Law,University of Maryland, College Park
State Licensing
Maryland

Pinder Insurance Inc
(410) 398-2127
698 W Pulaski Hwy
Elkton, MD
 
Burkley John K & Co
(410) 398-2000
190 E Main St
Elkton, MD
 
State Farm Insurance
(410) 398-1000
356 Fair Hill Dr Ste D
Elkton, MD
 

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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