Theft Insurance

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Published Oct 26, 2010.
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Why do I need information insurance?

You are used to buying home insurance, life insurance, and health insurance, but have you ever considered securing your information in a similar way? Imagine losing all your important documents and information—your passport, social security card, birth certificate, medical records, family history records—everything. That loss would be huge, and sadly there are multiple ways such a loss could happen. Whether by a fire in your family office, a robbery, identity theft, or a lost wallet, you need an emergency response plan. Now you can protect yourself with information insurance.

What is it?

Information insurance is a way to guarantee you will still have access to copies of your information and documents even if the original copies are destroyed or lost. Of course, these copies will not be quite the same as the originals, but it will nonetheless be a relief to not have lost your information completely. The best type of information insurance is a secure online account where you store copies of important documents and records of important information.

Why an Online Account?

A user simply needs to set up an online account, scan and upload their documents and input their information into pre-organized templates. Once this information is entered, a user can access it from anywhere, anytime they have an internet connection. This insures the information will be safe because it is not attached to a hard drive or a physical location, but exists in secure and universally accessible form. This means it is not only is it useful to access your account in an emergency, but it is also useful for day-to-day tasks like accessing your password and credit card number to make an online purchase.

How will it protect me against identity theft?

A special benefit of these document management account it is a form of identity theft insurance, but is not as costly as traditional identity theft insurance, and it is beneficial in everyday life—not just an emergency action plan.

Online document storage accounts help prevent identity theft in a few ways. For one thing, it makes it easier for you to manage sensitive documents and information without carrying them around or leaving them vulnerable for someone to see. Since you can always access your social security number, you would never need to carry your social security card around and risk it being stolen. Also, if your wallet or purse is stolen, you can act quickly to prevent identity theft. Simply print out your “Wallet Report” which tells everything you kept in your wallet and all the information about each item. This makes it possible to quickly cancel any credit cards or alert card providers of the theft. Each of these steps makes it less likely that your identity will be stolen. Learn more steps for prevention at IDTheftCenter.org.

Originally published here.

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Jonathan works on a product that is used as an online document storage solution, called Orggit, which safely and securely stores all of your most important information online so you can access it whenever you need it.

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Product Description

This digital document is an article from National Underwriter Property & Casualty-Risk & Benefits Management, published by The National Underwriter Company on June 17, 1996. The length of the article is 962 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the supplier: BMW South Africa has responded to the perception that its cars are often stolen or hijacked by offering free insurance against such events. The company has been battling what it considers is a mistaken notion shared by the public and insurers that BMWs are high risks for theft and hijacking. Its own study found that cars with the BMW locking mechanism were never stolen, but offered the insurance to convince the public. As of April 1996, only one claim had been made on the policy since its inception Jan. 1, 1996.

Citation Details
Title: BMW providing theft cover free through captive vehicle.(BMW South Africa, auto theft insurance)
Author: Lisa S. Howard
Publication: National Underwriter Property & Casualty-Risk & Benefits Management (Magazine/Journal)
Date: June 17, 1996
Publisher: The National Underwriter Company
Issue: n25 Page: p13(2)

Distributed by Thomson Gale

BMW providing theft cover free through captive vehicle.(BMW South Africa, auto theft insurance): An article from: National Underwriter Property & Casualty-Risk & Benefits Management