It’s almost a given that our personal identifiable information will be compromised at some point these days, but when it happens, life can be upended.
There are many steps involved in recovering from identity theft, some of which cost money and require time off from work. The good news is you can get help with these expenses through your homeowners, condo or renters insurance policy. In fact, you might already have coverage. If you can’t find it in your policy, ask your agent.
While this coverage doesn’t reimburse you for charges identity thieves rack up, it will help with costs associated with getting new IDs, hiring a consumer fraud or resolution specialist, and making endless copies of documents. Some policies even cover some of the pay you lose while dealing with all the demands of restoration.
Talk to your agent about what your policy covers and if it’s advisable to get stand-alone ID theft insurance or an enhancement to your homeowners policy.
