Monday, August 05, 2013

Should consumers buy identity theft insurance? Where?

Should consumers buy identity theft protection?

Many consumers may find that in many states it is offered as a rider for normally property or renters coverage.  It also may be offered with umbrella coverage, common with auto policies.  I have wondered about the business wisdom (and sustainability) of combining normal property damage and liability coverage with “non physical” risks like identity theft and defamation liability (for Internet use), because they would be so difficult to underwrite and price as technology rapidly changes.
  
The “Nextadvisor” site has a comparison chart and various write-ups and sublinks for companies that offer identity theft protection, here

I’ve seen a number of tweets about this in the past few days.
  

Lifelock is on the list, and I think it comes with AOL membership if you want to use it.  

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