CYID vs. Identity Theft Insurance

Identity theft insurance is designed to reimburse the consumer for out of pocket expenses in case of identity theft. It typically does not pay for hiring a professional, full service restoration professional like you receive with Control Your ID if you become a victim of identity theft. It does nothing to prevent identity theft or monitor your identity for unauthorized activity but is often sold with other services that provide those benefits.

Disadvantages of Identity Theft Insurance

1. Identity theft insurance does not prevent identity theft or restore your identity after you become a victim. Nor does it monitor your identity for signs of identity theft leaving you to suffer for months or years in most cases before you discover you’ve become a victim.
2. Identity theft is not available in all states, perhaps because of its questionable value. You may think that the identity theft protection you are paying for includes expense reimbursement provided by identity theft insurance only to discover that this is not the case.
3. In some cases, identity theft insurance from your chosen provider may only be available if you purchase other insurance such as property, auto or life insurance.
4. The quality of information services designed to protect you varies greatly by provider and typically is not known at the time of purchase.

PRIME™ Score = 10% (Poor)

Because Identity Theft Insurance offers no proactive protection benefit, limited help with restoration and no capacity to monitor your identity for possible fraud, it offers very incomplete protection if you want to control your ID. Furthermore, this insurance may be unavailable to you in your state and in most cases will not pay for expert assistance or full service restoration.

Expert opinion

It should not be purchased on its own under any circumstances and should not be considered an effective identity theft protection service on its own.

Advantages of CYID

CYID has the following advantages:

1. Prevents identity theft with proactive identity protection that instructs lenders and others to verify all applications with the consumer directly before approving them.
2. Restores identity records if identity fraud occurs
3. Informs you of new risks including data breaches and teaches you how to avoid them
4. Available protection for children
5. Monitors the credit file with CRANE™ at no charge
6. Expense reimbursement guarantee up to $1 Million should identity theft strike

Enjoy the peace of mind that comes from knowing you Control Your ID. Enroll now!