INSURANCE TIP: ID Theft Coverage With the recent discovery of the Target retail cyber attack and now more attacks coming into light today, we would like to talk to you about ID Theft coverage on your property policy. With some insurance carriers, ID Theft Coverage will reimburse a certain amount (depending on the coverage limits) for theft of your identity. So if someone takes out a credit card in your name or uses your existing accounts, the insurance company will cover those costs.... Now, most credit card companies and lenders will swallow up to the first $10K in fraudulent charges as long as they are reported immediately upon discovery and the authorities get involved (reporting the crime). But this isnt always the case and only the first 10K (approx/average) is automatically (if at all) covered...so acquiring coverage on your property policy may be something you would wish to consider for your protection. Other insurance carriers go one step above the reimbursement for your coverage and will actually provide/process the man-power, communications with third parties and documents (working with the credit companies, your credit file work, fixing your credit history and removing fraudulent issues from your file) on your behalf so you dont have to deal with the headache, phone calls, etc. This coverage goes by many names, but we at BPIS like to call it Fixing and Protecting ID Theft Coverage. If you would like to learn more about ID Theft Coverage or possibly get a quote for it on your property policy, we are here for you. (PS: GO SEAHAWKS ON SUNDAY!) news.msn/us/cybercrime-firm-uncovered-six-active-attacks-on-us-merchants
Posted on: Fri, 17 Jan 2014 21:00:02 +0000
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