Does my homeowner's insurance cover me for identity theft?

Does my homeowner's insurance cover me for identity theft?

Sam Friedman (Editor-in-Chief, National Underwriter, Property & Casualty Edition) gives expert video advice on: If I have a dog, can I get homeowner's insurance?; If I am turned down for homeowner's insurance, what can I do? and more...

Identity theft is not necessarily part of a standard homeowner's policy. There are certain insurance carriers out there that are offering it as sort of a premium endorsement, but that's something you can't take for granted. Many carriers, under the homeowner's insurance policy, will insure you if your credit cards are stolen, for example, up to a certain limit. Maybe it's only $500. They may reimburse you in case your identity was used to take out other credit cards and things like that. You should not take this for granted. It is not a standard part of the homeowner's insurance coverage, and it is something you need to nail down with your insurance agent, broker and your insurer when you purchase the coverage. Ask that question.