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Is it worth getting identity theft insurance? i heard it is difficult to get these companies to pay.?

Question: Is it worth getting identity theft insurance? i heard it is difficult to get these companies to pay.?

(Posted by: hessman22 on 2010-03-09 09:07:15)

My laptop got stolen and I am worried.


Answers:

Posted by: Mark on 2010-03-09, 12:50:31

You don't want an Identity Theft 'Insurance' you want a product that will watch your back and do the restoration for you. Insurance is a reimbursement process (have you ever heard of an insurance company denying a claim?) The challenge of IDT is in the restoration. Restoration can take anywhere from a few hours, to several months. For someone to hire me to do their restoration I charge $30,000 USD. I know this rate is way beyond what 99% of people can and are willing to pay. That is why I offer the Identity Theft Shield to all of my clients (and that is what I protect myself with).

  

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