Preventing Identity Theft

November 20, 2013 at 9:00 AM | Posted in Holidays, Identity Theft, Insurance Policy, Personal Insurance, Specialty Policy | Leave a comment
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‘Tis the season… for things to get hectic. With the added pressures of extra shopping lists, scheduling conflicts, decorating, and general holiday anxiety, it is easy to become vulnerable to Identity Theft. It can happen while you are shopping in stores or shopping online. The following tips can help keep you safe from Identity Theft.

  • Create a list of all of your credit card and bank account information: include account numbers, expiration dates, and hot line numbers for each account’s contact customer service or fraud departments. Keep this list in a locked area at home.
  • Before you leave your home to shop, review the contents of your wallet or purse. Don’t carry extra credit cards or identification with you that isn’t necessary. The more information you carry the easier it is for them to steal your identity.
  • When creating PIN numbers or passwords, avoid using easy information such as birthdates, or the last four numbers of your social security number that can be easily discovered by identity thieves.
  • When you are finished shopping online, make sure you log off completely. Just closing a browser may not prevent your information from being accessed. Do not use the “remember my username or password” feature.
  • Never give out personal information over the phone to someone claiming they represent a creditor.
  • Review your credit card and bank statements regularly to quickly identify and report any purchases you did not make.
  • Visit www.annualcreditreport.com to review your credit report every year. As a Massachusetts resident, you are entitled to one free credit report each year from the major credit bureaus.
  • If you suspect you are a victim of identity theft, you should place an initial fraud alert on your credit file. This will prevent any additional lines of credit from being opened without your consent.

Most insurers now offer some form of Identity Fraud coverage under a home policy. There might be an additional fee but the coverage could include credit card fraud coverage, expense reimbursement, and restoration services.

Call Protector Group at 888-850-9400 to find out what coverage options are available to you.

Identity Theft Coverage

January 16, 2013 at 9:19 AM | Posted in Identity Theft, Insurance Policy, Personal Insurance | Leave a comment
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Identity theft is one of the fastest growing crimes in the country, costing millions in fraudulent transactions annually. Criminals can easily assume your name and steal your personal financial information to illegally obtain money, credit cards, loans, or property and then leave you to clean up the mess. Having your identity stolen can be an expensive and stressful situation. Identity theft coverage is offered by most insurance companies as optional coverage. Here is some of the protection you would receive by adding this endorsement to your home, condo, or tenant policy:

  • Lost earnings due to court appearances, meetings with lawyers and creditors.
  • Reasonable and customary legal fees for common legal issues resulting from identity theft.
  • Preparing and notarizing documents, records, and affidavits for credit bureaus, financial institutions, and similar credit grantors and law enforcement agencies.
  • Reapplication expenses for credit or loans or as a result of rejection due to incorrect credit records.
  • Certified or overnight mailing expenses for mail to credit bureaus, financial institutions, and law enforcement agencies.

Adding identity theft coverage to your home policy won’t stop someone from stealing your identity, but it will make it much easier and less expensive to get your affairs back on track if it does happen to you.

Call us at 888-850-9400 if you are interested in learning more about adding this coverage to your policy.

Protect Your Identity!

May 11, 2011 at 12:43 PM | Posted in Home, Identity Theft | Leave a comment
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We’ve all seen the news reports about computer systems getting “hacked” and personal information being compromised. Unfortunately, there are many more ways your personal information can be stolen: people sifting through your trash, stealing your mail, or obtaining your ATM pin number.

Once thieves steal personal information they use it to withdraw your money, open new credit or bank accounts, take out new loans, or give your name to police during an arrest.

The good news – You can easily protect your personal information by purchasing identity theft protection under your homeowner policy. Coverage varies by company, and can include:

  • Resolution Services – A fraud specialist will guide you through the process of restoring your good name and credit record.
  • Lost Wages – Replaces salary lost due to time taken off from work to deal with the identity theft.
  • Notary and Certified Mail Charges – Covers the cost of processing and delivering fraud affidavits.
  • Loan Fees – Covers the cost to re-apply for loans that were denied due to erroneous credit information caused by the identity theft.
  • Attorney Fees – Pays the cost of defending erroneous suits brought by merchants and collection agencies, removing criminal or civil judgments wrongly entered against you, or for challenging the information in your credit report.

This coverage is very inexpensive. Call us at 1-888-850-9400 to make sure your identity and financial security are protected.

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