Why Personal Identity Theft Insurance Isn’t Worth It
Posted by Paul Wilcox in Online Security
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Personal identity theft has become a lot more newsworthy lately. Some experts say that it’s receiving much more attention than it should. It has become so common in the news that there is now an insurance to cover it called personal identity insurance.
What Does It Cover?
Personal identity theft insurance typically costs $25 to $50 per year and covers up to a total of $15,000 to $25,000 worth of expenses. It covers some lost wages that result from of time that must be taken off work to deal with fraud. Coverage for this benefit usually does not exceed $500 per week and is generally limited to four weeks of total coverage. Some attorney’s fees may be covered by this insurance.
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