Identity Theft Insurance

Identity theft insurance provides reimbursement to crime victims for the cost of restoring their identity and repairing credit reports. Some companies now include it as part of their homeowners insurance policy. Others sell it as either a stand alone policy or as an endorsement to a homeowners or renters insurance policy.

On average, these policies cost between $25 and $50 for $15,000 to $25,000 worth of coverage. Identity theft insurance provides reimbursement for expenses such as phone bills, lost wages, notary and certified mailing costs and sometimes attorney fees with the prior consent of the insurer.

The following companies offer identity theft insurance:

[AMERICAN INTERNATIONAL GROUP]

[CHUBB GROUP OF INSURANCE COMPANIES]

[ENCOMPASS INSURANCE]

[FARMERS GROUP, INC.]

[TRAVELERS INSURANCE]

Source: INSURANCE INFORMATION INSTITUTE