$1 million insurance policy with no deductible*
To help curtail the devastating financial impact identity theft can cause, Guard Street ID includes coverage designed to reimburse you for expenses incurred to reclaim your identity. The policy has a “Discovery based” approach and covers you for “preexisting” identity theft event’s if you had not discovered the theft prior to enrollment.
The expense reimbursement coverage protects against the financial hardships associated with identity theft such as falsely incurred debt, lost wages, legal fees and correspondence with creditors.
This coverage can include provisions for the following:
• Legal defense fees and expenses
• Costs for re-filing loan applications
• Costs for notarizing documents
• Long distance calls reimbursement
• Postage reimbursement
• Lost wages
• Defense costs for civil suits
In addition the policy also provides coverage for Unauthorized Electronic Fund Transfer. The policy has an “Occurrence based” approach and covers you provided that the Unauthorized Fund Transfer first occurs while you are a member of the Master Policyholder’s Membership Program and is reported to us within ninety (90) days after your discovery of an Unauthorized Fund Transfer. You will not be covered if the Unauthorized Fund Transfer first occurs after expiration or termination of the Master Policy or termination of your membership in the Master Policyholder’s Membership Program.
*Identity theft insurance underwritten by subsidiaries or affiliates of AIG Inc. The description herein is a summary and intended for informational purposes only and does not include all terms, conditions and exclusions of the policies described. Please refer to the actual policies for terms, conditions and exclusions of coverage. Coverage may not be available in all jurisdictions.