Identity Fraud Expense Reimbursement Overview and Identity Theft Resolution Services

Identity theft is one of the fastest growing crimes in the country today. According to the 2007 Identity Fraud Survey released by Javelin Strategy & Research, over eight million people were victims of identity theft in 2006. This means that one in every 27 consumers was a victim, with a total loss nearing $50 billion.

PrivacyMaxx, LLC has purchased the Identity Fraud Expense Master Policy from AIG in order to provide you (and your family if you are on a family plan) ith this valuable coverage.

Your Coverage Limit is: $25,000 (or $1,000,000 with select plans)
Your Deductible is: $0
Telephone Number to Report Claims: 1.800.854.6147

The Identity Fraud Expense Reimbursement Master Policy from AIG is designed to be purchased by a financial institution, commercial business or membership group in order to provide its customers or members with the coverage at no charge to them.

The coverage is available to you, your spouse, qualified domestic partner, children under 18 and parents and reimburses identity theft victims for the following:

  • Lost wages as a result of time taken off from work to deal with the fraud - up to $1,500.00 per week for up to five weeks.
  • Notary and postage charges incurred by the insured in order to report a stolen identity event and/or amend or rectify records as to the insured's true name or identity
  • Costs of re-filing rejected applications for loans, grants or other credit instruments
  • Costs for up to six credit reports from established credit bureaus (with no more than two reports from any one individual credit bureau)
  • Costs approved by AIG, for providing periodic reports on changes to, and inquiries about the information contained in the insured's credit reports or public databases
  • Costs of travel within the United States incurred as a result of the insured's efforts to amend or rectify records as to the insured's true name and identity
  • Long distance telephone charges for calling merchants, law enforcement agencies or credit grantors to discuss an actual identity theft
  • Approved costs for Elder Care and Child Care up to $1,000.00.
  • Reasonable and necessary attorney fees and expenses incurred with AIG's consent for an attorney approved by AIG including:
    • An initial consultation with a lawyer to determine the severity of and appropriate response to a stolen identity event
    • Defending any suit brought against the insured by a creditor, collection agency or other entity acting on behalf of a creditor for non-payment for goods or services or default on a loan solely as a result of a stolen identity event
    • Removing any civil judgment wrongfully entered against the insured solely as a result of a stolen identity event
    • Defending criminal charges brought against the insured as a result of a stolen identity event; provided, however, AIG will only pay criminal defense related fees and expenses after it has been established that the insured was not in fact the perpetrator.

Becoming a victim of identity fraud is a frightening, frustrating experience. It can happen to anyone at any time. Our identity theft experts can help victims during this difficult time.

This material does not amend, or otherwise affect, the provisions or coverages of any insurance policy issued by AIG. It is not a representation that coverage does or does not exist for any particular claim or loss under any such policy. Coverage depends on the facts and circumstances involved in the claim or loss, all applicable policy provisions, and any applicable law. Availability of coverage referenced in this document can depend on underwriting qualifications and state regulations.