Most people do not think they could lose their identity, but the sad truth is that we are all at risk. In every ten Americans, one will be the victim of identity theft fraud. Your identity can be leaked if you lose your wallet or if you shop online on an unsafe website. Not only is it a tedious mistake to correct, but it can be costly as well. Stay protected from fraud with Connecticut identity theft insurance.
Having your identity stolen is a hard pill to swallow, so you will be thankful you have the right protection to get you through it. On average, those who lose their identity spend $1,400 out-of-pocket and six hundred hours of their own time to get it back. You should be well-informed on the type of insurance you need, before a situation like this occurs. Look for ID theft coverage in CT that includes:
- Related long-distance phone calls to merchants, law enforcement agencies, creditors, etc.
- Loan application fees when reapplying for a loan that was rejected due to credit fraud
- Employer-documented lost wages, for work time lost due to meeting with attorneys, law officials, and others concerning your claim
- Costs for sending certified mail to the appropriate law enforcement agencies, financial institutions, etc.
- Costs for notarizing the appropriate official documents
- Coverage to resolve any medical, criminal and employment-related issues
- Approved, reasonable attorney fees
For protection in the event of a lawsuit, bad credit score or the inability to obtain loans due to ID theft, add supplemental coverage to your home, renters or condo insurance. An agent who specializes in fraud protection can help you recover your personal identity, if you were to fall victim to fraud. They can help you replace documents, such as driver’s licenses, passports, social security cards, as well as help file certain legal documents. An agent can assist you in contacting the proper authorities and credit bureaus, to help prevent this from ever happening again. When you call an agent to discuss your identity theft, here are some questions you should know the answers to:
- What type of accounts have been opened or accessed since the theft?
- Have you authorized anyone to use your account?
- Have you experienced any non-monetary harm?
- How much money have you spent trying to resolve this issue?
- Have you experienced any non-monetary harm?
How well do you know the state you live in? Did you know these fun facts about Connecticut?
- It is also called “The Nutmeg State”. Nutmeg was a valuable spice in colonial America, and residents used to sell wooden nutmegs as the real things to unexpected buyers!
- From 1703 to 1875, it had two capitals, Hartford and New Haven. Since then, the capital has been Hartford.
- The Museum of America and the Sea in Mystic is the largest maritime museum in the world.
If you report your fraud within two days of the loss or theft, The Fair Credit Billing Act limits your credit card liability to $50 per account. If you report the fraud after two days, your liability increases to $500 per account. Many of the associated fees that occur with identity theft are not covered by the FCBA, which is why ID theft protection in Connecticut is a crucial policy to have.
Freezing your credit is a secure and effective method of preventing a new credit card from being opened wrongly in your name. If you need to have something for your own credit processed, it can take up to three days to unfreeze. It can save your identity, but it is time-consuming. Placing a fraud alert on your major credit-reporting agency’s credit report is another way to protect your identity. The alert requires that a business verify your identity before issuing credit in your name. Unless you renew the alert, they last for ninety days and are free of charge.
Protect yourself and stay active in keeping yourself safe. Don’t fall victim to fraud. Here are some tips on how to be proactive:
- Do not keep your home Wi-Fi unsecured; add a password and do not use unsecured Wi-Fi to conduct personal banking or shopping.
- Have an annual credit report done by Annual Credit Report request services.
- Keep your Internet privacy to the highest of settings, and use up-to-date anti-virus and anti-malware programs.
- Regularly review your bank and credit card statements thoroughly, and question unfamiliar charges..
- Regularly shred important and sensitive documents.
- Regularly update your email and account passwords.
Any lost wages or childcare expenses as a result of losing your identity are covered under identity theft protection. Who knew something so affordable could be so helpful? Adding identity theft coverage to your existing home insurance policy can cost as little as $10-$25. Prepare for the unexpected; talk with an agent about getting the coverage you need. You will save time and money if something were to happen and you will be glad you had the extra protection.
Call our Encharter agents to at 888.754.8299 or use our contact form above to protect yourself from ID theft in CT with the right quote!