Identity Theft

Identity theft is when an individual commits a crime by obtaining the financial or personal information of someone else in order to assume that individuals identity to make transactions or purchases.  The information is captured in a wide gamut of methods from sifting through someone’s trash to accessing databases.

The four types of identity theft include medical, criminal, financial and child identity theft.

  1. Medical identity theft occurs when an individual identifies themselves as another to procure free medical care.
  1. Criminal identity theft generally takes place when one identifies themselves as someone else during an arrest to avoid a summons, detection of a warrant in their real name or to evade an actual arrest or conviction.
  1. Financial identity theft is the most common.  It occurs when someone uses another person’s information to attain goods, services or information.
  1. Child identity theft is common among those who know the child and understand that the child is unlikely to discover identity theft.   It may be used to gain employment or a residence.

One of the best methods for preventing identity theft is to continually check your personal records for accuracy and activity.  AND purchase insurance protection from FAPCO should all your preventions fail.  Most homeowners policies we sell offer Identity Fraud expense reimbursement coverage for less than $50.00 annually. The ID theft coverage reimburses the homeowner for recovery expenses such as legal fees, postage and other related costs of identity theft. Also included are help line services to guide you through the process of recovery.

Identity theft is a growing threat to your finances and personal information.  Please contact your FAPCO agent to learn more about this coverage.