In Tuesday’s blog we explored how to protect yourself from Identity theft and a few ways on how it happens. In today’s world of technology, identity theft can happen to anyone with very little notice, and most don’t realize they have been affected until it is too late. In today’s blog, we will go over what Credit Armor can do to help you protect yourself from identity theft and what our program offers if someone is to steal your identity.
Identity Theft Protection
As a broad term, Credit Armor uses “Identity Theft Protection” to define the service provided with every active Credit Armor account. Once you have activated your identity theft protection on your Credit Armor account, you now have access to all the perks and protections it has to offer. The next question on everyone’s mind is; “What exactly does identity theft protection cover”?
Identity Theft Protection Coverages
When it comes to the identity theft protection coverage of 1 million dollars, there are several events that are considered for the offered coverage:
1- Fraud or Embezzlement
For loss arising out of fraud or embezzlement perpetrated against the association member, with an occurrence date during the term of the membership.
2- Theft
For loss resulting directly from theft of property related to the association member’s information, checkbook, savings record, ATM access or securities from the association member, with an occurrence date during the term of the membership, by a person from whom the association member purchased goods or services.
3- Forgery
For loss, with an occurrence date during the term of membership, resulting directly from forgery or alteration of checks, drafts, promissory notes, or similar written promises, orders or directions to pay money that are:
- Made or drawn by or drawn upon the association member’saccount; or
- Made or drawn by one purporting to act as the association member’sagent.
- Data Breach
For loss, with an occurrence date during the term of the membership, resulting directly from the misuse of association member’s information as a result of a data compromise of information from a financial institution, a credit reporting agency, a credit grantor, a securities firm, employer or other institution/company maintaining the association member’s personal information, that results in monies stolen from the association member’s accounts or misuse of data to obtain property, credit or monies using the association member’s information.
4- Stolen Identity Event
For loss resulting from a stolen identity event, including but not limited to a stolen identity event occurring on or arising out of the use of the Internet. The occurrence must be during the term of the membership.
Are you unsure if you have faced identity theft or want to take a look at your report with a seasoned professional? Our partners at Credit Law Center have a team that are ready and waiting to help guide you in the right direction when it comes to your credit report. If you are looking for a free consultation from an adviser at Credit Law Center, just click here!