Identity Restoration

Fraudsters are coming after you more than ever before. These criminals are using increasingly sophisticated techniques to steal your identity and ruin your good name. That’s why it’s so important to protect yourself. Consider these statistics:

• Losses stemming from identity theft totaled $56.6 billion in 2005, 3.5 times greater than total losses of $16.2 billion from all property crimes (burglary, larceny and motor vehicle theft) combined.
• Victims of identity theft and fraud spend, on average, $2,412 in out-of-pocket expenses to restore their financial standing.
• It takes victims an average of 175 hours to clean up their lives after identity theft.
• Some 135 companies disclosed massive private data-security breaches in 2005, resulting in the potential susceptibility of at least 57 million people to identity theft.
• Credit card fraud comprised 26 percent of identity theft complaints in 2005.

The Iowa Mutual Identity Restoration Service combines peace-of-mind insurance coverage with the added benefit of expert assistance to help you repair the damage caused by identity theft.

This vital new service is included at no additional charge on all Iowa Mutual homeowners policies.* The Identity Fraud Expense Coverage endorsement is provided for expenses incurred by you as a direct result of an identity theft occurrence first discovered during the policy period. After a $250 deductible, the endorsement provides coverage up to $15,000. Here’s what it covers:

• Costs for notarizing affidavits attesting to fraud;
• Costs for certified mail to law-enforcement agencies and financial institutions;
• Lost income, up to a maximum of $200 per day or $5,000 total payment, resulting from time taken off of work to complete fraud affidavits, meet with law-enforcement agencies, credit agencies and legal counsel;
• Re-application fees when the original loan application is rejected because the lender received incorrect credit information;
• Reasonable attorney fees incurred to defend lawsuits brought against you and challenge the accuracy of any information in your credit report;
• Long-distance telephone charges for calls to merchants, law-enforcement agencies, or financial institutions to report or discuss an identity theft occurrence.

• It provides systematic notification to credit bureaus, creditors and collection agencies, government agencies and other relevant parties.
• It offers assistance filing a police report, creating a fraud victim affidavit, plus a comprehensive case file to assist law enforcement personnel.
• It provides assistance handling all documentation and phone calls needed to resolve your case.
• It delivers a 3-in-1 credit report and one year of credit monitoring.
• It also delivers one year of fraud monitoring of more than 1,000 public records databases, such as the Department of Motor Vehicles, to identify fraudulent use of your stolen identity.
• Offers optional credit file freezes and interface with state identity theft passport programs (where available).
• Delivers a full year of active follow-up to evaluate the effectiveness of the resolution status and to detect possible recurrent fraud.
• Offers proactive assistance for victims of wallet and purse theft.

If you suspect you've become a victim of identity theft, simply call your group agent or the Iowa Mutual Claims Hotline at 800-333-8692. We'll immediately get your reimbursement claim started and, if needed, connect you with an expert advocate from Identity Theft 911® who will guide you through the restoration process.

Don't become a victim!
Be sure to visit www.iowamutualidtheft.com regularly for the latest alerts, tips, facts, in-depth articles and answers to frequently asked questions.

*Coverage not available on mobile home policies.

 

No coverage is provided by this website. This website only illustrates coverages offered under Iowa Mutual’s Identity Restoration Program. It is not a statement of all policy coverages, provisions, conditions or changes. Certain deductibles, provisions and limits may apply. Please see your Iowa Mutual agent for a complete listing of policy coverages and provisions. If there is a conflict between this website and the policy, the policy provisions shall prevail.