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Do You Need Identity Theft Insurance? Grants Pass OR

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.

Southern Oregon Insurance Solutions
(541) 479-3570
Grants Pass, OR
 
Farmers Insurance Group
(541) 474-1953
777 NE 7th St
Grants Pass, OR
 
H D York Insurance Agency
(541) 474-5635
302 NW 4th St
Grants Pass, OR
 
Stacey Huntington Agency
(541) 476-6144
942 SW 6th St
Grants Pass, OR
 
Bob MacMurray Insurance Agency
(541) 476-3527
831 NE 7th St
Grants Pass, OR
 
Lewis Charles Ins
(541) 476-8851
1023 NE 7th St
Grants Pass, OR
 
Douglas J Robertson Clu
(541) 474-2408
4282 Cloverlawn Dr
Grants Pass, OR
 
Booth Insurance Agency
(541) 476-9223
814 SW 4th St
Grants Pass, OR
 
Farmers Insurance Group
(541) 476-4421
134 NW E St
Grants Pass, OR
 
David De La Grange Insurance
(541) 479-4975
1221 NE 7th St
Grants Pass, OR
 

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

Oregon Computer Crimes Laws

Civil Lawsuits Permitted?: No

Attempt Considered a Crime?: Yes

Misdemeanor Computer Crimes: Access is class A misdemeanor; theft of services is class C misdemeanor if total of services is less than $50. class A misdemeanor if total of services is more than $50 but less than $750

Felony Computer Crimes: Class C felony: access plus scheme to defraud; alter, damage or destroy hard/software; theft of data or services

Mental State Required for Prosecution: Knowingly

Code Section: 164.125; 164.377

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

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