Identity theft has quickly become one of the largest organized financial crimes. Although we are all targets, few have purchased any type of identity theft insurance. Even though you may keep a large sum of funds for emergencies and short-term needs, one episode of identity theft can quickly clean out your account in more ways than one. It's bad enough that a victim may lose money to a thief accessing their accounts, but then it adds even a deeper blow to the pocket-book when one needs to hire legal assistance to get the problem resolved.
Consumers now have more options for purchasing identity theft insurance. It's important to note that you must purchase the identity theft coverage BEFORE you become a victim of that crime. If you are already in the midst of the mess the coverage will be of no use, at least not this time around.
Some people are not aware that their homeowners or renters insurance may provide the option to purchase identity theft insurance. For example, you may be able to acquire $15,000 of identity theft protection for a mere $25.00 per year - less than the price of a meal at a nice restaurant. Farmers Insurance is one company that offers identity theft protection on their homeowners insurance, but shop around because many other insurance companies offer identity theft coverage as well.
Do some research, and consider your options to acquire identity theft coverage. Whichever route you choose, it's a cheap solution to a potentially expensive challenge.