Preferred Identity Theft Protection.

According to the Federal Trade Commission, identity theft affects millions of Americans each year.

For a minimal cost, Preferred Mutual has up to $20,000 coverage available to protect you from many of the added costs associated with identity theft.

Every time you complete a transaction, some of your personal information is revealed: your bank account numbers or credit card numbers; your income; your Social Security number; or your name, address, and phone number. A thief obtains some piece of information about you and uses it without your knowledge to commit fraud or theft.

If your identity is stolen, you can spend years and thousands of dollars cleaning up the mess thieves made of your good name, finances, and credit record. Some victims of identity theft have been denied job opportunities or refused loans for education, housing, or cars. Some victims have been arrested for crimes they did not commit.

Major coverage highlights include:

• Loss of Earnings: Up to $250 per day or total $5,000 for loss of earnings for time spent away from work to meet or speak with law enforcement agencies, financial institutions, credit grantors, credit agencies, merchants or legal counsel or to complete affidavits or other pertinent documents.
• Loan Application Fees: Fees incurred for reapplying for loans declined when an identity theft results in incorrect credit information.
• Attorney Fees: Attorney fees for the defense of lawsuits, the removal of criminal or civil judgment wrongly entered against you, or to challenge information provided in a consumer credit report.