Identity Theft

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Armor Insurance Services, Inc and Erie Insurance Group Present Identity Theft

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  • Hello and welcome. My name is Steven H Blinsink with Armor Insurance Services, Inc . I’m going to talk about a topic that unfortunately is becoming more widespread every day – Identity Theft.
  • Identity Theft

    1. 1. Identity Theft Take back what’s yours www.MyArmorInsurance.com
    2. 2. <ul><li>Identity Theft </li></ul><ul><ul><ul><ul><ul><li>What is identity theft? </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>Are you at risk? </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>What can you do to protect yourself? </li></ul></ul></ul></ul></ul>Note: Insurance policies vary with every insurance carrier. Speak with a licensed agent about specific questions concerning your own coverages . www.MyArmorInsurance.com
    3. 3. Identity Theft <ul><li>What is it? </li></ul><ul><li>Criminal event that occurs when one person takes personal information from another without his or her permission or knowledge and uses it to: </li></ul><ul><li>- Open new credit accounts </li></ul><ul><li>- Purchase vehicles </li></ul><ul><li>- Apply for loans, credit cards </li></ul><ul><li>- Establish utility service </li></ul><ul><li>- Rent dwellings </li></ul>www.MyArmorInsurance.com
    4. 4. Identity Theft <ul><li>Identity Theft vs. Credit Card Fraud </li></ul><ul><li>Credit Card Fraud – someone making unauthorized purchases with an existing credit card, ATM or debit card. </li></ul><ul><li>This is NOT identity theft </li></ul>www.MyArmorInsurance.com
    5. 5. Identity Theft <ul><li>Are you at risk? </li></ul><ul><ul><ul><li>Identity theft is rapidly growing in the U. S. </li></ul></ul></ul><ul><ul><ul><li>An average of 10 million people each year are victimized. </li></ul></ul></ul><ul><ul><ul><li>Every minute, 19 people become a new victim of identity theft. </li></ul></ul></ul><ul><li>Source: Identity Theft Resource Center </li></ul>www.MyArmorInsurance.com
    6. 6. Identity Theft <ul><li>Prevention Tips </li></ul><ul><ul><ul><li>Check your credit report once a year. </li></ul></ul></ul><ul><ul><ul><li>Guard your Social Security number. Don’t carry it with you. </li></ul></ul></ul><ul><ul><ul><li>Don’t put your SSN or driver’s license number on your checks. </li></ul></ul></ul><ul><ul><ul><li>Be suspicious of telephone solicitors. Never provide information unless you initiated the call. </li></ul></ul></ul><ul><ul><ul><li>Don’t reply to any suspicious e-mail requests. </li></ul></ul></ul><ul><ul><ul><ul><li> Many states are considering Security Freeze Laws </li></ul></ul></ul></ul>www.MyArmorInsurance.com
    7. 7. Identity Theft <ul><li>Steps to follow if you’re a victim: </li></ul><ul><ul><ul><li>Contact the fraud departments of the three consumer reporting companies to place a fraud alert on your credit report. </li></ul></ul></ul><ul><ul><ul><li>Close the accounts that you know or believe have been tampered with or opened fraudulently. </li></ul></ul></ul><ul><ul><ul><li>File a complaint with the FTC (Federal Trade Commission). </li></ul></ul></ul><ul><ul><ul><li>File a report with your local police. </li></ul></ul></ul><ul><ul><ul><li>If you have ERIE’s Identity Recovery coverage, contact the police </li></ul></ul></ul><ul><ul><ul><li>then call 1-866-ERIENOW to file a claim. </li></ul></ul></ul>www.MyArmorInsurance.com
    8. 8. Identity Theft <ul><li>ERIE’s Identity Recovery Coverage </li></ul><ul><ul><ul><li>Endorsement on ERIE Homeowners and Mobile Homeowners policies. </li></ul></ul></ul><ul><ul><ul><li>For $20 per year, it provides $25,000 of coverage per insured individual. </li></ul></ul></ul><ul><ul><ul><li>Coverage helps insured restore his or her identity, the most difficult part of identity theft. </li></ul></ul></ul>www.MyArmorInsurance.com
    9. 9. Identity Theft <ul><li>ERIE’s Identity Recovery Coverage </li></ul><ul><ul><ul><li>Includes coverage for: </li></ul></ul></ul><ul><ul><ul><ul><ul><li>-Lost wages (up to $250 per day, $5k max) </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>-Re-filing applications for loans, grants, credit </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>-Certain legal fees </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>-Notarizing affidavits </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>-Ordering credit reports and other fees related to the theft </li></ul></ul></ul></ul></ul><ul><ul><ul><ul><ul><li>-Costs related to insured’s time away from caring for dependents </li></ul></ul></ul></ul></ul><ul><li>Does NOT cover the money fraudulently lost. The affected financial </li></ul><ul><li>institutions typically limit the customer’s loss. </li></ul>www.MyArmorInsurance.com
    10. 10. <ul><li>ERIE’s Identity Recovery Coverage </li></ul><ul><ul><ul><li>Case management services assist the insured through the recovery process. </li></ul></ul></ul><ul><ul><ul><li>On the insured’s behalf, case managers: </li></ul></ul></ul><ul><ul><ul><ul><li>-Call creditors </li></ul></ul></ul></ul><ul><ul><ul><ul><li>-Obtain and review credit reports </li></ul></ul></ul></ul><ul><ul><ul><ul><li>-Contact the Social Security Administration </li></ul></ul></ul></ul><ul><ul><ul><ul><li>-Prepare letters to creditors </li></ul></ul></ul></ul><ul><li>Case management services drastically reduce the time </li></ul><ul><li>an insured spends on recovering their identity. </li></ul>Identity Theft www.MyArmorInsurance.com
    11. 11. <ul><li>Additional Resources </li></ul><ul><ul><ul><li>Order a free credit report at www.annualcreditreport.com. </li></ul></ul></ul><ul><ul><ul><li>Remove your name from many national direct e-mail lists and national telephone marketers on the Direct Marketing Association website at www.dmaconsumers.org. </li></ul></ul></ul>Identity Theft www.MyArmorInsurance.com
    12. 12. Steven H. Blinsink Armor Insurance Services, Inc. 114 West A Street Kannapolis, NC 28081 Phone: 704-933-5409 E-mail: steven@MyArmorInsurance.com We’ve got you covered. It’s our true blue promise. Visit www.MyArmorInsurance.com for more information. Contact Information

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