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Identity Fraud and Theft are every growing problems in today's
society. Endorsements to homeowners
policies are now available to help protect you against some of the financial liabilities which may occur if you are a victim
of such fraud. Identity Fraud endorsement is available on all of our
property policies. It includes not only up to $15,000 in identity "clean
up" coverage, but up to $1,500 in indemnity coverage.
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Identity theft and identity fraud are terms used to
refer to all types of crime in which someone wrongfully obtains and uses another person’s personal data in some way that involves
fraud or deception, typically for economic gain.
Unlike your fingerprints, which are unique to you and cannot be given
to someone else for his or her use, your personal data (Social Security number, bank account or credit card number, telephone
calling card number and other valuable identifying data) can be used fraudulently.
Identity theft is a growing problem
in the United States. In 2003, victims of identity theft totaled 9.9 million, with losses to business and financial institutions
topping $48 billion and out-of-pocket expenses for victims totaling $5 billion, according to the Federal Trade Commission’s
2003 Identity Theft Survey Report.
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Identity Fraud Expense Coverage includes, but is not
limited to:
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- Costs of notarizing fraud affidavits or similar documents for financial institutions
or credit agencies
- Costs of certified mail
- Lost wages up to $500 per week
- Loan application fees for
reapplying for a loan
- Reasonable attorney fees (with prior consent)
- Long-distance telephone charges to report
or discuss identity fraud
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Announcing "Identity Shield".... a complete credit
monitoring system for your protection. The cost of Identity Shield is an affordable $65 or less per year.
Please click
on the links above to find additional details of Identity Shield.
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Please
note: This information provides only a general
description
of the coverage offered under this
endorsement and is not
an insurance contract.
Not all insurance companies offer
this endorsement.
Certain limitations, restrictions and coverage
exclusions apply. You should read the endorsement
itself or contact us for details.
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