Identity theft insurance — which you can purchase from major insurers, like Allstate, Liberty Mutual or State Farm, through an add-on to your property policy — covers expenses incurred to restore your identity.
Of course, the more coverage the better, but you'll often pay a higher membership fee for services with $1 million identity theft insurance plans. For example, Experian IdentityWorks℠ Plus offers coverage of up to $500,000 and costs $9.99 to $24.99 per month, depending on the plan.
In short, they do provide a benefit, but it's worth noting that nearly everything an identity theft protection service offers, you can do on your own. ... For many people though, it's worth the cost simply knowing someone else is watching out for their sensitive information.
The Best Identity Theft Protection Services of 2021 are:
IdentityForce also has better credit monitoring and credit reports from all three bureaus, making it our top pick for both identity theft protection and credit monitoring over LifeLock. ... Learn more about IdentityForce's plans to find the right one for you.
While Identity Guard, Experian and LifeLock offer many similar services, each is best for different circumstances. LifeLock's 24/7 assistance is a big plus, while Identity Guard includes high-risk transaction alerts and risk management scores at all plan levels. LifeLock is a best for tech-savvy consumers.
Identity theft costs an average of $1,343 for victims who experienced a momentary loss. While some of these losses may be recuperated through financial institutions, some may remain out-of-pocket. On average, it takes 7 hours for each victim of identity theft to resolve the issue.
Periodically check your credit reports.
Coming across suspicious activity on your credit reports, such as new accounts you don't recognize, is a quick way to identify potential fraud. You can get free copies of your credit reports from all three major credit bureaus through AnnualCreditReport.com.
You might find a Norton LifeLock product worth the cost if: You are unwilling to freeze your credit. You want help resolving an instance of identity theft or have other security worries. ... You have more money than time to monitor for potential signs of identity theft.
Starting at $7.99 per month, plans from AARP® Identity Theft Protection by NortonLifeLock™ offer identity protection and restoration – along with safeguards to secure your connected devices from viruses and malware.
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