Straight
talk about all those "Guarantees" out there.
The Federal Trade Commission, Law
enforcement and just plain old common sense tell us that Identity Theft cannot
be 100% prevented. So you can toss out the so called "Prevention Guarantees". They are just not realistically possible.
Other companies offer extravagant guarantees
which make it sound like you are protected even up to 1 Million Dollars in
damages if something should happen.
Unfortunately, once you read these policies
you quickly realize they do not cover any type of personal financial loss or
lost wages etc. . .
Usually these policies only cover the costs of their staff, company attorneys and recovery
teams to assist you with your recovery. They do not cover any personal losses incured by you.
Through Entrust America, National ID
Recovery guarantees total and complete recovery. What this means is that we
will do all of the work that needs to be done to restore you and/or any dependent family
member to complete, pre-theft status.
In addition, your membership with Entrust
America also includes a 20 thousand dollar insurance policy which actually
does help you recover some of your lost wages and other expenditures you may incur during
this 30 to 90 day Total Recovery process.
Our partner National ID Recovery has a 100% full
recovery rate. They have recovered over 40,000 identities and restored each and
every one of them to pre-theft status within the past 5 years. No other
company has this type of track record or offers this strong of a guaranteed and
insured coverage. (see details below)
Identity Theft Insurance
Each member household will also receive up
to $20,000 worth of *insurance coverage provided by Virginia Surety. This
coverage will help members offset some of the out of pocket costs of restoring
their identity to its original status.
Identity Theft Reimbursement of fees: Reasonable and
necessary costs incurred in the United States by the insured for:
Lost Wages
Re-filing of loans
Defense cost for certain civil suits
• Lost wages: $500.00 per week, for 4 weeks
maximum
• Re-filing of loans
• Defense cost for certain civil law suits:
Reasonable and necessary fees and expenses incurred in the United States by the
insured with consent for an attorney appointed by them for:
o Defending any civil
suit brought against the insured by a creditor, collection agency or other
entity acting on behalf of a creditor for non-payment of goods or services or
default on a loan solely as a result of a stolen identity event.
o Removing any
civil judgment wrong-fully entered against the insured solely as a result of a
stolen identity event.
o Reimbursement of
fees: Reasonable and necessary costs incurred in the United States by the
insured for:
o Re-filing
applications for loans, grants or other credit instruments that are rejected
solely as a result of a stolen identity event.
o Notarizing
affidavits or other similar documents, long distance-telephone calls
and postage solely as a result of the insured’s
efforts to report and/or amend or rectify records as to the insured’s true name
or identity as a result of stolen identity event.
o Up to six credit
reports from established credit bureaus (with no more than two reports from any
one credit bureau) dated within 12 months after the insured’s discovery of a
stolen
* Two instances per year not
exceeding $10,000 per instance
**Identity theft coverage is no
longer available in New York State or Texas.
