A Quick Overview of ID Insurance

Identity theft has become a significant issue in recent years. Criminals can utilize stolen identities to open credit cards, illegally withdraw money from bank accounts, make unauthorized purchases, and more. Considering ID theft insurance is a wise decision as it can offer essential coverage should you fall victim to identity theft. For those located in Deer Park, TX, Shell Insurance Agency is always available to discuss ID theft insurance options and other policies.

Understanding Identity Theft Insurance

The FBI reported a staggering 27,000 cases of identity theft in 2022 alone. However, this is probably an understatement of the problem’s extent. The FTC received over 850,000 complaints of identity theft in 2023. With the emergence of artificial intelligence, criminals are finding new, advanced means for identity theft, suggesting that cases may rise in the future.

Credit card fraud is perhaps the most common type of identity theft. The FTC received over 850,000 complaints of alleged credit card scams in 2023. Furthermore, businesses reported a loss of over $750 million in the same year due to these frauds.

Identity theft insurance can offer vital coverage if you become a target for these criminals. The exact coverage will depend on the specifics of your plan. Generally, ID insurance policies offer wide-ranging coverage, and the limits may be higher than those of general homeowners’ insurance and other policies. This helps you remain secure, limiting your losses even in the unfortunate event of identity theft. Detailed discussions with an insurance agent about what is covered and what’s not is always recommended.

For residents and nearby communities in Deer Park, TX, looking for a competent insurance agency, consider Shell Insurance Agency. We are well-equipped to assist you with ID theft insurance and a wide range of other policies.