Identity Theft affects many Americans very personally, every day. Nationally, the Federal Trade Commission (FTC) reported 1.8 million incidents of identity theft in 2011, 15% of all the complaints reported overall. According to the FTC, Identity Theft was the #1 consumer complaint in America for the 12th year in a row in 2011. Identity thieves fraudulently obtain and use other people’s personal information, bank account numbers, Social Security Numbers, Driver’s License Numbers and other personal information to open fraudulent bank accounts, establish unauthorized credit lines, obtain loans and wrongfully report wages. As a result, identity theft insurance has become necessary.
While victims are often not held responsible for the fraudulent debts established in their name, the responsibility for contacting banks, credit issuers and other agencies to dispute these fraudulent charges does fall on the victims of identity theft. The hours and effort required to contact these agencies and bureaus are a major inconvenience, significantly impacting the lives of victims as well as consumer prices and interest rates for everyone.
Identity Theft Protection assists with the costs of restoring and repairing a consumer’s identity and credit history.
In addition to the coverage offered through identity theft protection, consumers can take the following steps to help protect their personal information and prevent identity theft:
If you suspect you are a victim of identity theft or fraud:
Limited reimbursement for the expenses associated from fraud may include:
Federal Trade Commission Identity Theft Site:
How do I get insurance? : Becoming insured by one of the experts at Cost-U-Less Insurance is easy! We sell customizable insurance at our local offices, online at www.costulessdirect.com and over the phone at 800-538-3213.