Should I buy identity theft insurance.

You need to know that there is a difference or level of service out there. Protection: I don’t think that exists for Identity Theft. It is like cancer. Can you ‘protect’ yourself from getting cancer? Monitor: This is what I think most every company offers. Like cancer, catch it in its earliest stages and there may be more remedies available. Restoration: This is getting your good name back. But ‘who’ does the work? You? Do you have the average 600 hours (during the day) of time to do the work? As far as I know, only one service is offered that days most of the work for you.

Some companies offer insurance or similar products that claim to give you protection against the costs associated with resolving an identity theft case. Be aware that most creditors will only deal with you to resolve problems [relating to your financial relationship with them], so the insurance company in most cases will not be able to reduce that burden. As with any product or service, make sure you understand what you’re getting before you buy. If you decide to buy an identity theft insurance product, check out the company with your local Better Business Bureau, consumer protection agency and state Attorney General to see if they have any complaints on file.

The best one I would recommend would be found at www.WhoElseHasYourName.com
I have heard it said that they look like the 800 lb guarrilla compared to the nearest competitor that looks like a 5 lb cat.

This entry was posted on July 24, 2006 at 6:41 am and is filed under IDentity Theft. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.

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