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All the high-profile data breaches of late may have caused many consumers to become familiar with ways of protecting themselves from and in the case of identity theft. Credit monitoring and credit freezes are commonly known ways to spot and mitigate the effects of serious fraud, but you may also be able to find some help in a less obvious place: your homeowner’s insurance policy.
The coverage could also reimburse you for “any expense that would arise for the efforts of you reversing the effects of the ID theft,” Tekeste said. For instance, you could potentially file a claim for certain legal fees or banking fees you incur to correct your identity and credit records. Policies can also cover lost wages if you had to take a day off from work to get the issue sorted, he said.