Insurance & Identity Theft: What Your Policy Can (and Can’t) Do to Protect You

You use strong passwords. You ignore sketchy emails. But no matter how careful you are, identity theft can still hit home, especially as scams targeting Arizona residents continue to rise.

​So if your identity does get stolen… can your insurance help?
Surprisingly, yes, but only if you have the right coverage.

What Identity Theft Insurance Typically Covers:
Most homeowners or renters insurance policies offer optional endorsements that include:

• Reimbursement for legal and filing fees
• Lost wages if you miss work resolving fraud
• Help with credit report restoration
• Access to identity theft recovery specialists

But What’s NOT Covered?
While the above benefits help clean up the aftermath, most policies won’t reimburse actual financial losses due to fraud, like drained bank accounts or fraudulent purchases.

For that, you’ll need:

• Identity theft monitoring
• Fraud protection through your bank or credit card company
• Cyber liability coverage (more common in business insurance)

 Bonus: Protecting Yourself Now
We recommend:

• Freezing your credit with all 3 bureaus
• Using two-factor authentication
• Talking to your VIP agent about adding identity theft coverage
  It’s inexpensive and can save you thousands in stress and cleanup.

Final Thought
We insure homes, cars, and businesses. But in today’s world, protecting your identity is just as critical.
Let’s make sure your insurance includes it.