Identity Theft Coverage with NYC Home Insurance

You may be diligent about protecting your belongings from theft, but how protected are you from the theft of your identity? Identity theft is when someone steals your personal details, such as social security number, credit card number, driver’s license number or birth certificate, in order to gain benefits that they are not entitled to. It is possible to get identity theft insurance as a rider on your NYC home insurance policy, but it’s still important to safeguard your personal details and documents.

When you discover your identity may have been stolen, you have to complete the arduous and painstaking process of restoring it. There can be a number of costs involved in reclaiming your identity, such as lost wages from time spent away from work, reapplying for loans, postage expenses, phone charges, and possibly even legal fees. Basically, identity theft insurance helps pay for the out-of-pocket expenses incurred in cleaning up your identity. These expenses can become burdensome if you need a lawyer to help you eradicate criminal files in your name.

Identity theft insurance doesn’t fix your credit rating if that has been impacted, that’s something for you to sort out with the bank. Even if you do have this coverage on your NYC home insurance, identity theft is a huge inconvenience, so protect your identity as much as possible, and never freely give your personal details over the internet unless you are absolutely sure of the company’s credibility.

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