Identity Fraud
Expenses for identity fraud occurrences will be paid by the insurance company up to $25,000 for each occurrence. Identity fraud is defined by the Plan as the act of knowingly transferring or using, without lawful authority, your or a family member's means of identity, which constitutes a violation of federal law or a crime under any applicable state or local law.
Identity fraud expenses include:
- The cost for notarizing affidavits or similar documents to law enforcement agencies, financial institutions or similar credit grantors, and credit agencies;
- The cost for sending certified mail to law enforcement agencies, financial institutions or similar credit grantors, and credit agencies;
- Loan application fees to reapply for loan(s) due to rejection of original application because of incorrect credit information;
- Reasonable attorney fees incurred with prior notice and approval by insurance company for:
- the defense of you or a family member against any suit(s) by businesses or their collection agencies;
- the removal of any criminal or civil judgments wrongly entered against you or a family member;
- any challenge to the information in your or a family member's consumer credit report; and
- Reasonable fees incurred by an identity fraud mitigation entity with prior notice and approval by the insurance company to:
- provide services for the activities described above;
- restore accounts or credit standing with financial institutions or similar credit grantors and credit agencies; and
- monitor for up to one year the effectiveness of the fraud mitigation and detect additional identity fraud activity after the first identity fraud occurrence.