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Do You Need Identity Theft Insurance? Fargo ND

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.

Farmers Insurance Group
(701) 293-1414
1323 23rd St S Ste A
Fargo, ND
 
Winkels Herman
(701) 232-0527
1327 14th St S
Fargo, ND
 
Hektner Lybeck Erickson Ins
(701) 293-0011
3345 39th St S
Fargo, ND
 
Thrivent Financial For Lutherans
(701) 235-0923
3303 Fiechtner Dr S Ste 100
Fargo, ND
 
Fremling Elaine J Clu
(701) 232-7681
3212 14th Ave S Ste 1
Fargo, ND
 
Interstate Marketing & Investment
(701) 297-5909
2102 Great Northern Dr N
Fargo, ND
 
Zinck Howard G Clu
(701) 232-7481
1131 Westrac Dr S Ste 208
Fargo, ND
 
American General Financial Group
(701) 234-9499
1121 Westrac Dr S
Fargo, ND
 
Midland National
(701) 237-5700
2000 44th St S
Fargo, ND
 
American Family Insurance
(701) 293-8932
1330 Page Dr S Ste 103
Fargo, ND
 

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

North Dakota Computer Crimes Laws

Civil Lawsuits Permitted?: Yes

Attempt Considered a Crime?: Yes

Misdemeanor Computer Crimes: Computer crime is a class A misdemeanor

Felony Computer Crimes: Computer fraud is a class C felony

Mental State Required for Prosecution: Intentionally

Code Section: 12.1-06.1-08

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

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