Someone Stole My Identity…Now What?
My identity was stolen…now what? Considering all of the buzz the latest Target security breach is getting, now seems like a really good time to think about what you could do to prepare yourself for the worst. There are obviously different levels of these situations, ranging from credit card information being stolen, as is the case with Target all the way up to the extreme of someone stealing your identity. I recently had my debit card information stolen and noticed some odd charges that were not mine on my card. Luckily, this was stopped before there were any large charges and I was able to sort everything out with my bank.
What if you find yourself in a more extreme situation? Having your identity stolen is not only one of the most stressful situations that can happen to you, but it can also be a very expensive situation as well. If you are a victim of ID theft, the situation could leave you with tens of thousands of dollars of debt. It doesn’t stop there because if you want to sue or fight these charges, you also have to worry about lawyer fees and the cost of everything that may come with going to court. Arguably the worst part, is the damage it can do to your credit score. Imagine going to buy a home or car and not being able to due to the credit card debt someone else racked up in your name. Like I said, it can be a very stressful, time consuming, and costly situation.
You may be asking yourself if there is anything you can do to protect yourself in this situation. The good news is that there is: identity theft insurance. Having ID theft coverage can help you in recovering your identity if it were to be stolen. When the time comes for things like filing paperwork and contacting the credit bureau, you will have an expert to help you through the process. The coverage can also help you cover lost wages or child care expenses that may have been incurred as a result of the process. While Id theft coverage won’t be able to refund the money that was stolen, having id theft coverage can help you with the costs and fees that may come with it. Want more information about id theft coverage or need a quote? Give our knowledgeable agents a call today at 888.865.1244!Read More