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Do You Need Identity Theft Insurance? Hilo HI

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.

Watanabe Insurance Services Inc
(808) 935-8116
100 Pauahi St Ste 202
Hilo, HI
 
Oda Alan
(808) 935-3360
282 Ululani St
Hilo, HI
 
State Farm Insurance
(808) 933-8500
1032 Kilauea Ave
Hilo, HI
 
Markham Steven
(808) 935-8795
Hilo, HI
 
Aig Hawaii Insurance Company Inc
(808) 935-7776
Hilo, HI
 
Business Insurance Services Inc
(808) 935-1888
80 Pauahi St Ste 206
Hilo, HI
 
Finance Insurance Ltd
(808) 933-1288
427 Kilauea Ave
Hilo, HI
 
Hendrix Lyle
(808) 969-7767
1289 Kilauea Ave Ste D
Hilo, HI
 
Kaneshiro Noreen
(808) 969-1110
688 Hinoole St
Hilo, HI
 
Jones William F. Insurance Agency Inc.
(808) 961-0602
Hilo, HI
 

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

Hawaii Computer Crimes Laws

Civil Lawsuits Permitted?: No

Attempt Considered a Crime?: No

Misdemeanor Computer Crimes: -

Felony Computer Crimes: Computer fraud: class B felony if knowingly defrauded, accessed computer without authorization and damage $300 or less in any 1 yr. period; class C felony if knowingly defrauded, transferred, or otherwise disposes of control of access; Computer Damage: class B felony if knowingly causes transmission that causes unauthorized damage or intentional access of a computer that causes damage; class C felony if knowingly accesses computer without authorization and recklessly causes damage.

Mental State Required for Prosecution: Intentionally, knowingly

Code Section: 708-890, et seq.

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

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