Identity theft insurance is a type of insurance which covers certain losses associated with the theft and alteration of one's identity. Identity theft insurance comes in many forms and offers varied coverage based on individual needs and circumstances. Credit monitoring is a form of identity theft insurance which protects consumers by notifying them of any changes which occur to their account, information or status.http://www.experian.com/consumer-products/triple-advantage.html

Many identity theft insurance providers are the institutions which hold the vital information being protected. When banks and financial institutions fall short of protecting customer interests, additional coverage may be necessary to prevent hardship. While policies cover costs associated with the theft of identity, they do not cover any money which is lost as the result of identity theft, and will not reimburse for monetary losses. What they do cover are expenses necessary for re-establishing and repairing credit once theft has occurred. Identity theft can occur anywhere and insurance is meant to expeditiously remedy situations which could otherwise leave an individual impaired.http://www.travelinsure.com/what/susaidtheft.asp

Identity theft can occur in various forms such as financial fraud, medical ID theft, social security fraud, tax fraud, criminal activity, employment fraud, child ID theft and benefits fraud and insurance is designed to provide reimbursement for expenses and lost income which may result from recovery. Policy costs can range from $25 to hundreds of dollars annual, and cover $20,000+ of eligible expenses. Memberships are also available to subscribers in exchange for a monthly fee, and provide identity theft insurance at a group insurance rate along with other benefits.http://www.veteransadvantage.com/cms/content/joint-family-protection-plan Insurance policies are typically geared toward individuals and families and are available for purchase through a broker, insurance agent or financial institution.http://www.forbes.com/2003/05/29/cx_ds_0529simons.html