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Home > Home Insurance > Home Insurance and Identity Fraud Home Insurance and Identity FraudAuthor: Alex Gregory Could home insurance come to your rescue if you fall victim to identity fraud? Here we look at how it could help.Research from LV= has revealed that in the last 12 months, more than eight million adults have given their chip and pin details to someone else to make a purchase on their behalf, putting themselves at risk of falling victim to identity fraud. The chip and pin system was initiated in 2004 to increase security but ID fraudsters are known to clone cards, particularly after cardholders have shared their details. How insurance can help Many insurers now offer some form of identity protection alongside a home insurance policy. Under the contents insurance element of your policy, you should be covered for the theft of cash and credit cards up to a predetermined policy limit - typically in the region of ¡ê500. This protects you against the theft of these items from your home. You can protect yourself further with personal possessions cover which will protect these items no matter where you take them. Should you fall victim to identity fraud, your insurance policy will not be able to bail you out - but it could point you in the right direction. Several insurers now offer identity fraud assistance helplines from which you can pick up general advice if you think you have been targeted. Tips to avoid identity theft To protect yourself from identity theft, don't give your personal details - such as the PIN of a card - to anyone. Don't give out your details over the phone and don't write them down on a piece of paper that you carry with you. Ideally when you get a card, memorise the details and then dispose of the original copy. If you need to make a note of the card details just in case you forget, ensure it is stored in a safe place well away from the card itself so that if the details are discovered there is no obvious connection to the card. You can compare home insurance online to find a home insurance policy that offers additional help and protection in case you are affected by identity fraud. Other Recent Insurance Smart Book Articles:
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