What is the Definition of Identity Theft Insurance?
Coverage for expenses incurred as the result of an identity theft. Can include costs for notarizing fraud affidavits and certified mail, lost income from time taken off from work to meet with law enforcement personnel or credit agencies, fees for reapplying for loans and attorney’s fees to defend against lawsuits and remove criminal or civil judgments.
Source: Insurance Handbook A guide to insurance: what it does and how it works | https://www.iii.org/
Label: Insurance
Theme: Dictionary of Insurance Terms
Other Questions: What is the definition of Annuity?
What is the Definition of Identity Theft Insurance?
You can find random definition and meaning of insurance terms below:
Meaning of Kidnap/Ransom Insurance in Insurance Terms
Coverage up to specific limits for the cost of ransom or extortion payments and related expenses. Often bought by international corporations to cover employees. Most policies have large deductibles and may exclude certain geographic areas. Some policies require that the policyholder not reveal the existence of the coverage.
Meaning of L-Share Variable Annuities in Insurance Terms
A form of variable annuity contract usually with short surrender periods and higher mortality and expense risk charges.
Meaning of Laddering in Insurance Terms
A technique that consists of staggering the maturity dates and the mix of different types of bonds.
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