Identity Theft Insurance|
For only $40 per year you can have help to restore your good name.
Now Ken Hein Insurance Agency has a product that can help you restore your credit and your good name if your identity is stolen. For only $40 a year (that’s only about 10 cents per day!), you can add this optional coverage to your homeowners, condominium or renters insurance to help you have peace of mind.
Ken Hein Insurance Agency takes identity theft expenses coverage a step further.
If you purchase this coverage we’ll reimburse you for covered expenses you incur to restore your identity up to a $25,000 coverage limit. That’s more than most companies offer for this type of coverage. This coverage includes reimbursement for:
- Attorneys fees – in case you need to hire an attorney to defend you if lawsuits are brought against you by merchants or collection agencies, if you need help to remove criminal or civil judgments wrongly entered against you or to challenge information contained in your credit report.
- Lost wage recovery (up to $250/day with a $5,000 cap) – this will help cover wages or salary you may lose if you need to take time off work to complete affidavits or meet with law enforcement agencies, financial institutions, credit grantors, credit reporting agencies or attorneys.
- Loan reapplication fees – if you need to reapply for loans denied you solely because the lender received incorrect information due to identity theft.
- Other expenses – involved in restoring your identity, such as mailing costs, notary expenses and long distance phone calls.
What about the hassles?
If you ever become a victim of identity theft, would you know what to do to restore your name? There are many issues that may need to be addressed, such as:
- Understanding your rights as an identity theft victim.
- Filling out paperwork, including police reports.
- Issuing a Fraud Alert to the three major credit bureaus, as well as Social Security Administration, Federal Trade Commission, and U.S. Postal Service.
- Obtaining copies of your credit bureau reports.
- Working with the three major credit bureaus to restore the accuracy of your credit history.
- Reviewing your credit history to verify if fraud includes items such as public records, (liens, judgments, bankruptcies); credit accounts; or errors with addresses/prior employment.
- Issuing a fraud alert to affected financial institutions and credit card companies.
- Tracing Social Security numbers, notifying and working with the Department of Motor Vehicles, collection agencies for creditors, and law enforcement personnel.
Be prepared, not overwhelmed.
This may seem overwhelming, but if you have Ken Hein Insurance Agency Identity Theft Expenses coverage, we can help. If you decide to hire a firm to help you address identity theft issues such as these, you will have up to $2,000 available to pay for their services. In addition, we may refer you to a firm that specializes in addressing the effects of identity theft. In either case, if you have this coverage you’ll have peace of mind knowing you can get help to restore your identity.