Identity Theft: Get Insured

Identity theft was never considered that practical before the advent of technology and cyber world. With the rising technologies these hackers and phishers can be compared to the con artists from the fantasy movies and suspense-thrillers.

Problems expand when the cyber world is involved because you will have to worry not only for your credit cards and wallets but also for your online data. This online information can be hacked and misused for plenty of crimes.

According to FTC, there are more than 160,000 reported cases in the United States in the year 2002. Need of the hour is to find some solution to keep yourself safe or at least minimize the damage. Identity theft insurance gives money back the victims of identity thefts for the cost of restoring their identity and repairing credit reports.

There exist many different kinds of identity theft insurances varying from company to company. Some companies include identity theft insurance as part of their home insurance policy. Some sell them as a stand alone policy or as a support to homeowners or renters insurance policies.

These policies are affordable as they charge almost $25 and $50 for $15,000 to $25,000 worth of coverage. Identity theft insurance provide compensation for the expenditures like lost wages, phone bills and certified mailing costs. Sometime it may also include attorney fees with the prior consent of the insurer.

Complaints about identity theft have rushed forward from about 40,000 in 1992 to 750,000 in 1998, according to regulators.

Las vegan Julia had a worst experience of identity theft when she had to stay in jail for 3 days and had to pay a fine of $15,000 because she lost her purse with personal information. Thief misused her credit card and she had to suffer for two years till her life get back to normal track.

Clark Country metro police receive almost 70 new cases of identity thefts in only one week. According to a report, identity theft is considered as the fastest growing crime in America and no wonder soon we all will be the victims.

Ted Burke is a former law enforcement agent who has spent many years dealing with identity theft victims. "They really didn't have an antidote or way to stop the bleeding until we came about.” Bruke is now working in Nevada as the senior regional vise president of prepaid legal services. This company is spread all over in America. Bigger the company - higher the risk of being a victim. That is why his company has now started partnership with Kroll Inc., which is the biggest investigative agency in United States. The mission is to provide an insurance policy for identity theft victims.

These companies will provide extra shield to your credit every time. These shields will be monitoring your credit details and transaction activities all the time and will be reporting you time by time. This way you will no longer stay unaware of any change occurred to your account or credits. These shields have been the considered the most effective way to guard your identity till now.

Ted Burke adds, "It gives them peace of mind. They can sleep at night knowing we're watching their back 24-7, 7 days a week no matter where they are or what they are doing, we are taking care of them."

Identity theft shield benefits will cost your family anywhere from $10 to $12 a month. Pre-paid legal Services has been in business for more than 30 years and operating in Nevada since 1989.