THURSDAY, JANUARY 4, 2024
Identity theft is a growing problem. It involves someone using the information of another person for personal gain. Identity theft victims may not realize what is occurring for some time. And, it can then take years to repair the damage.
It is important to work to protect yourself from identity theft. Home insurance may offer some help. However, the amount of help has limits. It is much more important to take steps to protect your identity.
When Does Home Insurance Help with Identity Theft? 
Some credit cards offer identity protection. If someone uses your credit card, and you report it, you may not be liable for the loss. You'll probably be able to get your money back.
However, in some cases you may not have this option. When this occurs, home insurance might be able to help. They cover the losses from identity theft. They can also help cover the process of restoring your credit. This can be a long and costly battle.
Still, most policies have very specific limits and types of claims they cover. Some renter’s insurance policies also can help. Specific identity theft insurance policies are available. Consider adding these to your current home insurance policy.
How to Keep Your Identity Safe
Learn as much as you can about identity theft. The problem is, targets continue to change. To protect yourself from these risks, consider a few key steps.
- Keep all personal documents providing identification information locked away. If you need to throw something out, shred or burn it first.
- Carry as few items with you as you can. A lost wallet is an easy way for someone to steal your identity. As soon as you notice it missing, report it to credit bureaus, credit card accounts, banks and the driver’s license bureau.
- Never provide information over the phone. If someone calls you and requests information, tell them you will call them back. Then, use the number you have to call them. Do not assume the person on the other end of the phone is authentic.
- It is also important to invest in safety solutions for your internet connection. Be sure you keep all passwords for online accounts safe, too. Use firewalls, hacker blocks and virus scans to keep abreast of cyber thieves.
These steps can minimize identity theft risks. Yet, you need to ensure you have proper coverage for it. Contact your home insurance agent to learn more about your options.
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