November 03, 2006
Homeowners Ask For Identity Theft Homeowners Insurance
--By Priya Jestin, Staff Writer
I always associated identity theft with credit cards and accounts etc. I really didn’t think that our very homes could be under attack. And the worst part is that these attackers aren’t much bothered about our material possessions. They want our identity! And homeowners are now so concerned about identity theft that some are asking for help from their insurance companies.
A recent survey by J.D. Power and Associates, more than 40 percent of the homeowners surveyed want their homeowners' insurance carrier to offer coverage for identity theft. In the survey, over 25 percent of homeowners said their homes and possessions were underinsured.
The survey also revealed the level of ignorance among the people. Nearly 25 percent had no idea what kind of homeowner's policy they have. Nearly half the surveyed people said it's up to the agent who sold them the policy or the insurance company itself to determine the replacement cost for the home and its contents!
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