A Detailed Guide to Travel Insurance in Victoria BC What is Identity Theft Insurance & What Does it Co | Page 3

What is Identity Theft Insurance?
 Identity theft insurance is created to cover some of the costs related to
identity theft. It compensate victims for money spent on reclaiming their
financial identities and repairing their credit reports. Those costs can vary
from phone bills to legal help. Policies often provide specialists who can help
guide victims through the identity restoration process.
 Identity theft happens when someone make use of your personal
information to commit fraud or other crimes. Reclaiming your identity can be
moderate and high priced. That’s where identity theft insurance can help.
 When deciding whether to buy identity theft insurance, it’s important to
understand what your policy covers. For instance, one policy may include
some legal fees, but another may not.