ID theft endorsements help policyholders recover by providing money for expenses associated with re-establishing damaged credit, such as fees for legal services and loan reapplications, lost wages and notary expenses. ID theft endorsements can also include third-party identity fraud resolution services. (Credit: Jason Raff/Shutterstock.com)
During the past 12 months, around 40% of Americans surveyed by the Identity Theft Resource Center (ITRC) had their identity or personal information stolen, compromised or misused. Further, ITRC reports that Q3 2022 saw a 15% increase compared with the previous quarter.
Among victims of ID theft in the past 12 months, 46% said they would have liked more assistance in handling the problem but didn't get it, ITRC reports. One way they could have accessed this additional help is with an identity theft endorsement on a home or renters policy.
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Steve Hallo
Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]
