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Do You Need Identity Theft Insurance? Fairbanks AK

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.

Carlson Vern Agent
(907) 452-1385
201 Old Steese Hwy Ste 6
Fairbanks, AK
Willis of Alaska Inc
(907) 456-6671
100 Cushman St Ste 200
Fairbanks, AK
Thomas & Associates
(907) 452-3253
1100 W Barnette St
Fairbanks, AK
Dunlap Agency
(907) 456-5202
1305 21st Ave Ste 203
Fairbanks, AK
Randolph Jack Insurance Agency Inc
(907) 456-5069
Fairbanks, AK
Randolph Dick Insurance Agency Inc
(907) 456-7787
Fairbanks, AK
(907) 456-7982
Fairbanks, AK
New York Life Insurance Company
(907) 452-4400
110 Cushman St
Fairbanks, AK
Alaska Employee Benefits Inc
(907) 457-2363
114 Minnie St Ste D
Fairbanks, AK
Wolters Terri Ins
(907) 456-1264
2142 Airport Way
Fairbanks, AK

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

Alaska Computer Crimes Laws

Civil Lawsuits Permitted?: No

Attempt Considered a Crime?: No

Misdemeanor Computer Crimes: None

Felony Computer Crimes: Obtain or change information about a person, class C felony

Mental State Required for Prosecution: Knowingly, without reasonable grounds

Code Section: 11.46.740


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