Identity Theft affects a large number of Americans every day. Nationally, the Federal Trade Commission (FTC) reported over three million incidents of identity theft in 2015. According to the FTC, Identity Theft was the #1 consumer complaint in America for the sixteenth year in a row in 2015. 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.
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:
Limited reimbursement for the expenses associated from fraud may include:
Identity Theft Protection assists with the costs of restoring and repairing a consumer’s identity and credit history. Obtaining identity theft protection from Cost-U-Less Insurance is fast and easy. Request a free identity theft protection quote online by entering your zip code in the form at the top of the page or by calling 800-538-3213.