Identity Theft Insurance: What Is It? 

Identity theft is a growing concern for individuals and families. With more personal and financial information stored and shared online, identity theft risks and subsequent consequences have been heightened. At 314 Insurance Advisors, we believe it’s important for our clients to understand how insurance can help protect against the unexpected costs and stress that come with having your identity compromised.

How Does Identity Theft Insurance Work?

Identity theft insurance is designed to help cover the expenses and recovery services associated with restoring your identity after it has been stolen. If your identity is stolen, your insurance policy can help you manage the recovery process, such as by assisting with the following:

• Coverage for related expenses—Policies may cover out-of-pocket costs like notary fees, mailing costs and even child care services while you work to resolve the issue.
• Access to recovery experts—Coverage may offer access to specialists who can guide you through the processes of restoring your identity and repairing your credit.
• Monitoring services—Some policies include credit monitoring or alerts to help you spot suspicious activity early.

Why Is Coverage Important?

Like many people across the United States, individuals and families in Kentucky face constant cyber risks in the digital age, including data breaches, phishing scams and other forms of identity theft. Recovering from these crimes can be time-consuming and costly. Identity theft insurance can provide financial protection and expert assistance when you need it most.

Who Should Consider Identity Theft Insurance?

While this type of insurance may be valuable for anyone, it can be particularly important if you regularly conduct important tasks or share potentially sensitive information online, such as through the following activities:

• Managing financial assets or banking
• Sharing personal information on social media
• Shopping online

Find the Right Coverage

At 314 Insurance Advisors, we’re committed to helping families in and around La Grange, KY safeguard their personal and financial information. If you have questions about identity theft coverage or want to explore your insurance options, our team is here to help.

Contact us today to learn more.

This blog is intended for informational and educational use only. It is not exhaustive and should not be construed as legal advice. Please contact your insurance professional for further information.