I have had my credit card # stolen in the past and have never had a problem with having the charges forgiven. This is $40 extra a year on my premium. Does anyone see any meaningful value with identify theft protection?
2006-08-09 01:51:29 · 10 answers · asked by jgambone1 1 in Business & Finance ➔ Insurance
Some companies actually include this coverage in the more high end homeowner's policies. Others sell it as a rider.
Usually the coverage just reimburses you for the time and expense of filling out the paper work to repair your credit history and record and not necessarily for any money that you may have lost to the crook.
And for policies that only pay for your time and effort, I think it is a waste of your money.
I would ONLY buy an ID theft policy if it also reimburses you for whatever money you actually lost.
2006-08-09 06:07:39 · answer #1 · answered by markmywordz 5 · 0⤊ 0⤋
You should be able to place a fraud alert on your SSN for FREE. Just call the credit bureaus (Experian, etc...). The only time your credit information is accessed is with your permission.
While the annual $40 seems steep, those credit shield policies are much more per month.
Since you have been a victim of identity theft, you may be eligible for a monthly credit monitoring at a lower cost. Call Experian, or the other two.) Also ask for your credit report regularly.
Good luck...
2006-08-09 02:01:37 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Identity theft coverage is supposed the reimburse you for the cost of repairing the damage if you are a victim of identity theft. You know the costs better than me. Do the costs covered by the policy outweigh the premium?
2006-08-09 13:21:26 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Property owners who rent to illegal aliens are already subject to trafficking laws, the section prohibiting "harboring," "sheltering," "transporting," etc. The penalties can be more than the 5 yrs jail another poster suggested. It is also possible for them to lose the property, just as smugglers have their vehicles confiscated. It's already on the books, just needs to be enforced. Problem is, "human rights commissions" and anti-discrimination laws prohibit discrimination in housing against anyone. This has to be amended to "any adult legally present in the US." Illegals already know how to game this system. If you don't rent to them or boot them out because they are here illegally, they file a claim with the Human Rights Commission for "discrimination" based on "race, ethnicity, national origin" and get whopping big cash settlements (typically $30,000 and up) out of the owner/landlord. The landlord's solution is, of course, setting standards for the application and credit check -- they must have SSN and valid ID to run a credit check, so you can eliminate illegals while eliminating all applicants without credit or bad credit and many identity thieves. And for landlords, you don't want identity thieves and those with no or bad credit anyway. Identity theft is the fastest growing crime in America, and child-identity theft is the fastest growing and hardest-to-catch segment of it. And the majority of ID theft is committed by illegal aliens.
2016-03-27 05:04:19 · answer #4 · answered by Anonymous · 0⤊ 0⤋
The company I work with has an identity theft shield. They monitor your credit and they restore it with a private investigator. Not just your financial identity, but you character, medical, social security, and driver's license. It might be something you should look into. Identity theft is the lasrgest growing crime in America right now.
2006-08-11 07:23:42 · answer #5 · answered by gatorgirl 5 · 0⤊ 0⤋
I've never seen this endorsement cover anything real, except the expense to replace stolen documents, and that first $50 you can sometimes be liable for.
I don't have it on my policy. However, if I had a problem in the past, I'd seriously think about it.
2006-08-09 10:40:05 · answer #6 · answered by Anonymous 7 · 0⤊ 0⤋
yes - i work at a mtg lender as a jr u/w and i get tons of files with an identity theft alert-- no matter if your card has been stolen or not, anyone who you have made a contract with authorization signed by you regarding your social/credit/employment/etc.- your information can go through tons of people without you ever knowing about it- trust me its worth it- you never know if your information is being shared without consent
2006-08-09 15:16:00 · answer #7 · answered by jushapentoknow 1 · 0⤊ 0⤋
It is not usually worth it I work for Nationwide Insurance and we are supposed to try and push it on people, but I have also worked for Discover Card and what your credit card companies offer is usually 10x better then what your homeowners company offers. I wouldnt waste your money on adding it to your homeowners insurance.
2006-08-09 02:50:53 · answer #8 · answered by fire_fly0434 3 · 0⤊ 0⤋
It's worth it if it let's you sleep good at night, otherwise, don't worry about it.
2006-08-09 02:10:28 · answer #9 · answered by Michael S 3 · 0⤊ 0⤋
Yes it's useful, really
2006-08-10 10:15:29 · answer #10 · answered by Anonymous · 0⤊ 0⤋