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| Image Source: Yahoo News |
Many think that only material things can be stolen from an individual. Identity, even though it is intangible, can also be a target of thieves. According to the latest Identity Fraud Report conducted by Javelin Strategy and Research, co-sponsored by Intersections, more than 12 million people became victims of identity fraud last year. And 5.33% of this number was linked to tax administration-related issues.
Tax time is considered one of the busiest times of the year. Tax payers renew their expired IDs and licenses before presenting them to the taxation offices. Some individuals input their identity information on their mobile phones and gadgets, which are easy targets for thieves and computer hackers. Tax time is, without doubt, the perfect time for identity thieves to steal other people’s personal information at their own disposal.
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| Image Source: Aigbank.com |
The good news is there are some insurance firms that offer services that aim to protect their client’s identity. Statefarm and Freeway Insurance, for example, offer protection coverage to assist with the costs resulting from restoring and repairing a consumer’s identity and credit history.
But insurance buyers should study the insurance provider first before purchasing an insurance plan because not all insurance companies offer the right service that fits their needs. A little time spent scrutinizing insurance companies translates to secured identity for a long period of time.
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A more detailed explanation on identity theft insurance can be read at this website.
