Even though we’ve all faced many problems because of COVID-19, there are still fraudsters out there trying to steal from innocent people. In fact, fraud and identity theft are problems that have only increased as a result of COVID-19.
Theft attempts come in the form of emails, phone calls and texts, and they’re certainly something to be aware of.
Associated Risks with Identity Theft
Identity theft is serious, and comes with a lot of negative outcomes both emotionally and financially.
The possibilities with what a thief will do with your information are endless, but in some cases, it could mean they use your money to make purchases. Thief’s can even get a mortgage in someone’s name and take the cash for themselves.
What to Do In the Case of Identity Theft
It’s unfortunate to have to deal with identity theft if it’s to take place, but there are some things you should do if you become a victim.
- Contact each and every one of your banks so they can flag your accounts. Change all of your passwords immediately.
- Call the police to create a file number regarding the theft.
- Contact the anti-fraud centre in your area and let them know what has happened.
- If you suspect someone may be using your Social Insurance Number then you should also get in touch with your government contact.
How Your Home Insurance Can Help
One thing you might not be aware of is that your home insurance policy may include identity theft protection. This is an optional form of coverage that can be added to your policy for a small fee.
Identity theft coverage under your home insurance policy is likely to cover any of the legal fees that go along with dealing with the situation. It could also cover any of the wages you lost as a result of having to deal with the identity theft situation.
You may also be able to get coverage for the costs of re-applying for new identification under your home insurance.
Do you have more questions about home insurance and the potential protection it can provide for your needs? Get in touch with us today or click here to learn more about home insurance in Salt Lake City!