According to an Identity Fraud report released by the Better Business Bureau and Javelin Strategy & Research in 2010 approximately eleven million people fell victim to identity fraud in 2009, with out of pocket expenses equivalent to nearly five billion dollars. Taking proper preventative measures such as guarding your social security number, bringing in mail daily, not providing financial information via emails, avoiding access to personal information online through networking sites, and securing ID’s will reduce the chance of identity fraud. However, consumers are constantly at risk.
For as little as $25 in premium per year you can add up to $25,000 in ID Fraud coverage on your homeowners or renters policy. The coverage provides services to repair your identity should you fall victim to fraudulent activity. In addition the coverage also provides a tool kit for preventative measures to minimize the risk of having your identity stolen.
For additional information regarding your rights as a consumer or steps to take if you feel you’ve become a victim of identity fraud please contact your San Diego insurance agent.