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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.

Ichinose Cary C
(808) 933-8500
630 Kilauea Ave Ste 102
Hilo, HI
 
Rm Insurance
(808) 934-0998
41 Laimana St
Hilo, HI
 
American Mutual Group
(808) 969-1688
Hilo, HI
 
State Farm Insurance Companies
(808) 935-3375
9 Lei St
Hilo, HI
 
Servco Insurance Services
(808) 935-2937
460 Kilauea Ave
Hilo, HI
 
Kinoshita Stan A & Associates Inc
(808) 935-2888
410 Kilauea Ave
Hilo, HI
 
State Farm Insurance Companies
(808) 933-8500
1032 Kilauea Ave
Hilo, HI
 
Hawaii Family Financial Services Llc
(808) 961-0615
189 Kukuau St
Hilo, HI
 
Pyramid Insurance Centre Ltd
(808) 969-7174
1438 Kilauea Ave
Hilo, HI
 
Revell J W & Associates Inc
(808) 961-3366
688 Kinoole St Ste 101
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...

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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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