Financial Checklist Plan Part 3:
Insuring We're Properly Insured
The Financial Checklist Plan: Insurance Checklist
Insurance You Need
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Insurance You Don't Need
Life Insurance that is not Term Insurance
Disease Care Insurance (Cancer, Heart Attack, etc) Private Mortgage Insurance Extended Warranties Water Line Coverage Credit Card Insurance Mortgage Life Insurance Accidental Death Insurance |
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Identity Theft Insurance:
Identity Theft is rampant in our culture today. As recent stories of data theft from Target and Neiman Marcus have shown, your identity can be compromised quite simply and sometimes without your being aware until it is too late. Cleaning up instances of Identity Theft is an incredible hassle and is often a long and painful process. Identity Theft Insurance will cover the costs associated with cleaning up an identity theft situation if you should ever experience this. It essentially pays for a dedicated counselor to clean up your financial records if your identity should be stolen. It is not unusual to take up to 600 hours to clean up an identity theft situation. This is usually very inexpensive insurance and often can be simply added to your homeowners policy. As an example, a recent Financial Checklist Plan follower purchased $25,000 of coverage through their homeowners insurance provider for $11 a year. If you ever have to deal with Identity Theft, you'll gladly thank us for having recommended this coverage if you purchased it!
As you've considered the insurance you do need, please take time to consider also the insurance types you don't need.
Identity Theft is rampant in our culture today. As recent stories of data theft from Target and Neiman Marcus have shown, your identity can be compromised quite simply and sometimes without your being aware until it is too late. Cleaning up instances of Identity Theft is an incredible hassle and is often a long and painful process. Identity Theft Insurance will cover the costs associated with cleaning up an identity theft situation if you should ever experience this. It essentially pays for a dedicated counselor to clean up your financial records if your identity should be stolen. It is not unusual to take up to 600 hours to clean up an identity theft situation. This is usually very inexpensive insurance and often can be simply added to your homeowners policy. As an example, a recent Financial Checklist Plan follower purchased $25,000 of coverage through their homeowners insurance provider for $11 a year. If you ever have to deal with Identity Theft, you'll gladly thank us for having recommended this coverage if you purchased it!
As you've considered the insurance you do need, please take time to consider also the insurance types you don't need.
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