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Do You Need Identity Theft Insurance? Jonesboro AR

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.

Kathy A. Cruz
(501) 624-3600
1325 CENTRAL AVE
HOT SPRINGS, AR
Specialties
Identity Theft, Bankruptcy
Education
Indiana University School of Law, Bloomington,Northwestern University School of Law,Bradley Universi
State Licensing
Arkansas

United American Insurance Co Branch Office Division
(870) 933-2050
3009 Turman Dr
Jonesboro, AR
 
Bob Nichols Insurance & Financial Services
(870) 972-8875
905 Windover Rd
Jonesboro, AR
 
Allstate Insurance Companies
(870) 972-8821
1217 W Parker Rd Ste E
Jonesboro, AR
 
State Farm Insurance Cos
(870) 972-6400
2500 Sunnymeadow Dr
Jonesboro, AR
 
Shoemaker Steven Ins
(870) 972-5281
2804 Longview Dr
Jonesboro, AR
 
Shelter Insurance
(870) 972-0500
1914 E Matthews Ave
Jonesboro, AR
 
East Arkansas Insurance Agency
(870) 935-5983
3711 E Nettleton Ave
Jonesboro, AR
 
Hannah Rodney Insurance Agency
(870) 935-4963
1901 S Caraway Rd
Jonesboro, AR
 
Aflac
(870) 935-1714
1825 E Nettleton Ave
Jonesboro, AR
 

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

Arkansas Computer Crimes Laws

Civil Lawsuits Permitted?: Yes

Attempt Considered a Crime?: No

Misdemeanor Computer Crimes: Computer trespass, access with damage under $2500 but over $500, class A misdemeanor; access with no damage, class C misdemeanor; access as 2nd or subsequent violation with loss or damage under $500, class B misdemeanor; unlawful computerized communication, class A misdemeanor; computer fraud, class D felony

Felony Computer Crimes: Access with damage over $2500; computer fraud, class D felony

Mental State Required for Prosecution: Intentionally, purposefully

Code Section: 5-41-101, et seq.

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

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