Allstate Insurance Company, a publicly held personal insurer in the US, has launched identity theft expenses coverage in California, to reduce the time and costs that victims spend trying to recover their identities.
The insurer said, approximately nine million Americans annually are victims of identity theft, spending millions of hours resolving problems associated with having their identity stolen.
According to Allstate its identity theft expenses coverage now is available to new and renewing its auto policyholders in California for as low as $30 a year and provides customers access to professional identity restoration assistance.
The Allstate policy provides up to $25,000 in reimbursement coverage for reasonable expenses incurred to restore identity, including attorney fees, loan reapplication fees, credit and police report fees, and lost wages.
Allstate in California assistant field vice president Phil Telgenhoff said through Allstate, California auto policyholders now can have the burden of these arduous tasks handled by professionals who make a truly difficult situation become bearable.