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Identity Theft


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Identity Theft

  1. 1. What is identity theft?  How do thieves steal your identity?  What do thieves do with your stolen identity?  How can you tell if your identity was stolen?  Solution: Monitor – Insure – Restore  Why customers want Identity Shield 
  2. 2. Identity theft occurs when someone uses your  personally identifying information, without your permission, to commit fraud and or other crimes. Some things that might be compromised are:  Social Security Number  Credit Card Numbers  Bank Account Numbers
  3. 3. Once your personal information is stolen, identity  thieves use it in a variety of ways: ◦ They may open new credit card accounts in your name (credit card fraud) ◦ They may open a new phone or wireless account in your name, or run up charges (phone or utilities fraud) ◦ They may create counterfeit checks using your name or account number (bank/finance fraud) ◦ They may get a driver's license or official ID card issued in your name but with their picture (government documents fraud) ◦ They may get a job using your Social Security number (employment fraud)
  4. 4. The best way to find out is to monitor your  accounts and bank statements each month. Check your credit report on a regular basis.  Unfortunately, many consumers learn that their  identity has been stolen after some damage has been done. You may find out when bill collection agencies  contact you for overdue debts you never incurred.
  5. 5. Identity theft is the fastest growing crime in the  U.S. It is listed as the #1 consumer complaint for seven  consecutive years. The average victim takes 175 hours to restore  their lives. Most victims do not know where to begin the  identity recovery process.
  6. 6. Detailed annual identity report with details of credit  file and public records. Access to Farmer’s secured website to check your  monitored profile. Continuous monitoring of your identity and credit  records for fraudulent activity.
  7. 7. Each policy includes: $30,000 worth of total coverage:  ◦ $28,500 for expenses wrongly charged to your identity ◦ $1,500 for indemnity (cash for your use)
  8. 8. Document Replacement, including: Drivers licenses, passports, birth certificates,  home and car titles, etc. Travel Assistance if you are away from home.  Replacement of lost travel documents, such as  travelers checks, airline tickets, etc.
  9. 9. Those concerned with identity issues can call  Farmers HelpPoint, a toll-free phone number Transfer to the experts at Identity Theft 911  An advocate provided 24/7 to guide and aid the  victim through the identity recovery process Each policy covers a household of two adults and  all children under the age of 18
  10. 10. If your identity has been stolen, and you need to file a claim: There is NO deductible   This is NOT considered a chargeable claim
  11. 11. Key Differentiators: No other company’s offer is more  comprehensive than Farmers Many people pay much more and receive much  less Farmers Identity Shield is for 2 adults and all  children under the age of 18, not just one adult
  12. 12. In addition to your Farmer’s Homeowners (including condominiums) or Renters Insurance Plans, the cost for your annual Farmer’s Identity Shield is: ONLY $35/year for those owning their homes  ONLY $65/year for those renting their homes 