[IMG]http://simplefeed.consumerreports.org/rsrc/i/1/_/id_theft_services_buy_id_theft_insurance_or_guar_5 46435014/4.gif?f=3dcb3160-01dc-11dc-32a2-0019bbc55f7f&s=AewyNia7NTvDvhaDemju5DEsbnVsbCwwLDA *[/IMG] ID theft services, Buy ID theft insurance or guarantee
Buy ID theft insurance or guarantee What it does: Covers any losses you incur—up to million?if the promised fraud protection doesn't actually protect you from of ID theft.What it costs: This typically comes with all protection services.Should you do it? No. To get the coverage, you must often buy unnecessary services. The "protection" promises are overhyped since most victims' out-of-pocket costs are zero, and even the top 95th percentile of losses rarely exceed ,000.Where to get it: Through the Web sites for the protection services.Beware: These policies usually come with limits, exclusions, and loopholes. For example, IDSecure's ,000 insurance allows only one claim per year. But if your identity is stolen, you might have additional losses after filing the first claim.This article was also published in Consumer Reports Money Adviser. Subscribe now to get more expert financial advice you can trust. Subscribe now!

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