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Identity Fraud Reimbursement Program

What is 'Identity Fraud Reimbursement Program'

A financial product that offers reimbursment for the costs associated with having been a victim of identity theft. These costs may include getting affidavits notarized for police and financial institutions, postage for sending certified mail to police and financial institutions, lost earnings resulting from time spent recovering one's identity, and legal fees.

Explaining 'Identity Fraud Reimbursement Program'

In addition to providing monetary compensation, these programs often provide a wealth of information to victims on the steps they need to take to resolve the matter and clear up their credit reports. These programs tend to provide reimbursement ranging from $10,000 to $25,000 and can usually be purchased individually for around $25 to $50 annually. They may also be offered as an employee benefit or as an add-on product to other types of insurance. Some homeowners' insurance companies include this protection in their standard policies.


Further Reading


Financial credit: Social work's role in empowering low-income families
www.tandfonline.com [PDF]
… Social workers could help clients get a “fraud alert” on the credit report to alert potential creditors about the potential for identity theft, and/or … They typically pay more for financial services such as check cashing and bill paying, are more susceptible to theft, and struggle to …

Using experimental economics to measure social capital and predict financial decisionsUsing experimental economics to measure social capital and predict financial decisions
www.aeaweb.org [PDF]
… Social workers could help clients get a “fraud alert” on the credit report to alert potential creditors about the potential for identity theft, and/or … They typically pay more for financial services such as check cashing and bill paying, are more susceptible to theft, and struggle to …

Tainted Prosecution of Tainted Claims: The Law, Economics, and Ethics of Fighting Medical Fraud Under the Civil False Claims ActTainted Prosecution of Tainted Claims: The Law, Economics, and Ethics of Fighting Medical Fraud Under the Civil False Claims Act
heinonline.org [PDF]
… Social workers could help clients get a “fraud alert” on the credit report to alert potential creditors about the potential for identity theft, and/or … They typically pay more for financial services such as check cashing and bill paying, are more susceptible to theft, and struggle to …

Categories of financial crimeCategories of financial crime
www.emerald.com [PDF]
… Social workers could help clients get a “fraud alert” on the credit report to alert potential creditors about the potential for identity theft, and/or … They typically pay more for financial services such as check cashing and bill paying, are more susceptible to theft, and struggle to …

The normative economics of health care finance and provisionThe normative economics of health care finance and provision
www.jstor.org [PDF]
… Social workers could help clients get a “fraud alert” on the credit report to alert potential creditors about the potential for identity theft, and/or … They typically pay more for financial services such as check cashing and bill paying, are more susceptible to theft, and struggle to …


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