Google the words "Identity Theft Protection" and you'll get around 52 million results, which makes the question of where to get the best protection for the best a price more than a little overwhelming. Your bank, credit card provider, AND a myriad of on-line companies are all happy to help you protect yourself for $10 - $20 per month, but they usually don't include coverage for your family. One of the best (and most affordable) places to stay protected is through your local, professional insurance agent.
Most insurance companies that sell home insurance also sell identity theft protection as an additional rider on your insurance policy. Not all coverage is the same so you'll want to talk to your agent about specific coverage and exclusions, but most companies include the following benefits for the insurance clients:
- Coverage is included for everyone in the family for one set price. No need to pay fees for each member of your household.
- Coverage usually includes monitoring so you can be notified early of any fraudulent activity.
- You'll have a multi-million (or multi-billion) dollar company AND their team of attorneys working on your behalf to fix any problems.
- Coverage typically includes incidental charges like lost wages in case you have to miss work to help clear up any problems.
- Insurance companies are regulated by each state where as independent identity theft protection companies may not be. The result, more consistent results from insurance companies and a place to turn (the state insurance commissioner's office) if your protection plan does not do what it is supposed to.
There are plenty of places to get your identity theft coverage. Should you have it? That seems like an easy question to answer...YES! And since you can protect your entire family with a dedicated team of attorneys and the resources of a billion dollar insurance company, $7.50 per month seems like the best deal around.
Talk to your local, professional agent today about adding on this important coverage for your family.
*Javelin Strategy and Research, 2009
** ITRC Aftermath Study, 2004