Does Home Insurance Cover Identity Theft?

Home insurance, often referred to as homeowners insurance, mainly provides financial protection against damage to your home and personal belongings caused by incidents such as fire, theft and severe weather. It also typically includes liability coverage. However, standard home insurance policies do not include coverage for identity theft.

Identity Theft Coverage

While standard home insurance policies do not include identity theft coverage, many insurance companies offer identity theft protection as an optional add-on, often called an endorsement or rider. This additional coverage can help reimburse you for expenses related to restoring your identity. This can include helping to pay for legal fees, lost wages and other costs associated with repairing your credit report.

What to Look for in Identity Theft Coverage

When considering adding identity theft coverage to your home insurance policy, it’s essential to understand what is included. Look for coverage that offers the following:

• Expense reimbursement can help cover costs such as legal fees, notary fees and lost wages.
• Credit monitoring services can notify you of any unusual activity on your credit report.
• Identity restoration services can help restore your identity and repair your credit.

Learn More

While standard home insurance policies do not cover identity theft, adding an identity theft endorsement can offer valuable protection and peace of mind. Examining your policy and consulting with your insurance provider is crucial to understand the options. By being proactive, you can more effectively protect your identity and financial health. For insurance services near you, contact Orbit Insurance & Multiservice today.

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.