Identity theft insurance? It’s obviously an idea whose time has come. In fact some would say that identity theft insurance is an idea whose time is long overdue. Just ask anyone whose personal data has recently been compromised by either the hacking of ChoicePoint’s data or the Scamming of Lexis Nexis’ data. No doubt the people whose personal data was compromised in those incidents wish that they had identity theft insurance. In fact the ChoicePoint hacking has lead to a lawsuit against ChoicePoint by some of those whose identities were put at risk.
Well, Allstate Insurance is now offering identity theft insurance in seven states. For about $30.00 dollars a year, the insured gets access to professional “identity restoration assistance”, and up to $25,000 in reimbursement for expenses incurred while restoring their identity. Such expenses could include things such as attorneys fees, credit report fees, and even lost wages.
Allstate is offering the identity theft insurance in New York, Arizona, Tennessee, Virginia, Illinois, Maryland, and Texas.
What do you think, dear readers? Is this something for which you’d sign up? Do you think that the availability of identity theft insurance may let companies like ChoicePoint too easily off the hook? And if identity theft insurance is not being offered in your state, do you wish that it were?
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