Identity fraud insurance

You hear such so much about cyber-crimes that you may think that identity fraud insurance is a good idea. However, the question should be is this really worth it Or is this just a way to throw away money with no real benefit to you?

What you should find out before going for the identity fraud insurance are the following:

Does your bank already offer you a blanket insurance against fraudulent transactions? Most banks do. If yours does and that would be quoted under the terms and conditions of the bank, then the insurance is a waste of money.

What are the conditions imposed by the insurance policy? Do these conditions suit you?

Are you aware of the Government policies regarding identity fraud insurance?

Research Identity fraud insurance at length and take this insurance only if you are likely to benefit by such coverage.

Source:   Identity fraud insurance

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