Well not my whole identity, just my credit card. Found out from the credit card company that I was in Alberta, Canada. Yes, you might have had that experience where they cancel your card and you get to start all over with any recurring charges, but what if it was worse. You hear of people using your information to open credit lines and buy motorhomes and the such.
Well my policy says that it will pay $25,000 of expenses incurred by me to repair any one identity fraud that occurs during my policy period. What does that mean to me? To put it simply, they have agreed to pay notary expense, mail expenses. lost wages for time spent dealing with law enforcement, credit agencies and lawyers ( Oh yes there is a maximum of $1000 per week for 5 weeks ) and some other incidentals.
What it does mean is that I do the work and they will pay. It is better than nothing and many companies throw the coverage in at no extra cost. It still means however that I either do the work to get it straightened out or I ...
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