WASHINGTON - With fraud experts estimating that some 400,000 Americans are victims of identity fraud each year, identity theft insurance is becoming a viable product. Travelers Property and Casualty Insurance now has identity theft coverage available. The coverage includes the following: *Lost wages as a result of time taken off from work to deal with fraud, with coverage of as much as $500 per week for four weeks. *Notary and certified mailing costs for completing and delivering fraud affidavits. *Fees for reapplying for loans that were declined due to erroneous credit information. *Phone charges for calling merchants, financial institutions and law enforcement agents to discuss the fraud. *Some attorney fees. The coverage can be added to any Travelers homeowners or rental policy for $25 a year. It provides $15,000 worth of coverage and has a $100 deductible. It is available in 20 states.
Travelers offering identity theft insurance
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