Tag Archives: insurance

Is Cell Phone Insurance A Rip-Off?

If you’ve just bought an expensive smart phone, you may be considering getting it insured.

Cell phone insurance plans starting at a small amount like $6.99/month might seem like a good idea, but is shelling out for insurance worth it, or is it simply a rip-off?

Financial sources indicate that there are a few circumstances in which cell phone insurance pays off. For example, if you lose your smart phone only a few months after having purchased it, your insurer can help you replace your phone for less than it would cost if you weren’t insured. For this reason, cell phone insurance might be a good idea for someone who has a track record of breaking or losing phones.

Hang on to your old phone in case you lose your break your smart phone
Image provided by flickr creative commons user ellenm1.

However, in most instances it seems that cell phone insurance hurts the consumer’s wallet more than it helps.

Fine Print:

For starters, insurance plans often come with a good deal (sometimes pages and pages) of fine print, which should be read through carefully.

Sometimes this fine print might contain an agreement on the insurer’s part to replace your phone, but with what might turn out to be a used phone or a different model to be determined at the insurer’s discretion. This caveat might apply when trying to replace a new, in-demand phone, or an older model that is no longer manufactured.

Some experts say that these contracts are usually loosely written to give insurance companies ample leeway in dealing with individual cases.

Deductible:

Depending on the insurance plan, the consumer might be responsible for a deductible as high as $199. For that amount, you might be able to find a replacement phone on eBay or a refurbished phone.

Alternatives to Insurance Plans:

Instead of spending money on a cell phone insurance plan, experts suggest:

  • Simply setting aside the money that you would be spending on a plan in an emergency cell phone fund
  • Investing the money that you would be spending on a plan
  • Asking your insurance company about adding a plan onto your existing homeowner’s insurance
  • Use an older or cheaper phone until your contract expires

When buying a new smart phone, be wary of “peace of mind” insurance offers. Read contracts carefully and consider realistic alternatives.

Sources:

http://minnesota.cbslocal.com/2013/06/24/the-pros-cons-of-cell-phone-insurance/

http://www.sfgate.com/technology/dotcommentary/article/I-take-it-back-Don-t-insure-cell-phone-3886114.php#page-2

Lojack for Laptops Theft Protection

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There are some great ways to protect your laptop from theft. However, as with protection of anything physical, there is no 100% effective way to prevent theft. Ultimately, if the target is valuable enough, and the thief is clever enough, they will figure out a way to get whatever you are trying to protect.

This is the value of insurance.

However, in the case of your laptop, if you lose it to theft, the nightmare doesn’t end with the theft of the physical computer. It can get worse. A thief can take the information from your laptop to steal your identity, access your banking and other personal details, or cause you even bigger mental and/or emotional trauma..

It’s not a fun thing to talk about.

However, having had family members who have gone through theft of their computers, I know how difficult laptop theft can be. Of course the physical loss is sad and disappointing, but the real loss comes through the emotional trauma caused knowing that someone else has the ability to know everything about you; having all your photos, contacts, and information

Which is why LoJack for Laptops is a great protection when it comes to theft of your laptop.

LoJack for Laptops is made by Absolute Software. They run a technology behind the scenes called Computrace Agent. This is a small program running on your computer which keeps in touch with the monitoring center at Absolute.

If there is a theft and you report it to Absolute, Absolute attempts to reach your computer every 15 minutes. When it does, it works to maintain contact and get details about the computer including the physical location of the computer, and how the computer has been used since the theft.

Absolute then works with local law enforcement to get your computer back to you as quickly as possible.

One great protection that you have with LoJack for Laptops however, is the ability to actually lock down your computer, or remotely delete information that is stored on the computer.

You can even display en error message (one that you write) to the thief.

Here’s a sample message you could use.

“Hey! You took my computer. If you return it anonymously to [123 Anywhere Street], I won’t press charges. Otherwise, you should know that I know where you are because you’re using my computer right now. You have 2 hours to return my computer.”

Something like that ought to get the attention of the person who committed the theft.

Or if the theft was a quick grab and sell again, the person who bought your computer will likely be returning your computer because they don’t want to be mistaken for the thief.

One challenge of LoJack for Laptops is that it is not as effective in many countries overseas. However, if you plan on being in the United States with your laptop this can be a very effective way to protect your information after theft occurs.

Knowing people who have had laptops stolen, I can say with 100% certainty that they wish they had installed LoJack for Laptops before the theft occurred.

Absolute Software lets you lock down the computer and then works to track down your computer and get it back to you.

It’s great theft protection and great peace of mind.

And for a limited time (we don’t know how long) the links below will let you get a discount on LoJack for Laptops.

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Lojack for Laptops Discounts
Use the discounts below to save money when you purchase Lojack for Laptops

25% Discount On Lojack Premium
http://www.identitytheftsecrets.com/lojack-discount-premium

15% discount for LoJack for laptops standard
http://www.identitytheftsecrets.com/what-is-lojack-for-laptops-discount
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Till Death Do Us Part: Death Benefits Insurance Fraud

It all sounds like it’s a script from the television show “CSI,” with a tale of conspiracy, death and fraud. It really would make good TV.  Sadly, it is not fiction it is real and you and I are the real victims in this case and the thousands like it in America today.

In August, 2010 an insurance fraud ring was brought to justice in Los Angeles. This particular scam involved an employee of a funeral home (Jean Crump) along with her co-conspirators set up an elaborate scheme to defraud insurance companies as well as financial assignment companies of more than $1.2 million in life insurance claims and funeral expenses. Continue reading Till Death Do Us Part: Death Benefits Insurance Fraud

AFLAC: The 411 on the “Quack”

The AFLAC duck has quacked through major league sports broadcasts and seems to be everywhere. It would be hard to find someone in America who hasn’t heard the name AFLAC and can associate it with the duck and the words “supplemental insurance.” But what does supplemental insurance mean and just what products does AFLAC offer?

Continue reading AFLAC: The 411 on the “Quack”

Medical Identity Theft is Up as Job Loss Means Loss of Insurance Benefits

Identity thieves traditionally target a victim’s bank accounts or credit cards or else use a victim’s information to establish credit for credit cards, loans or even utilities in a victim’s name. Savvy citizens know to protect their bank and credit card numbers, social security numbers and passwords but did you know that you need to be just as vigilant with your insurance card numbers?

Continue reading Medical Identity Theft is Up as Job Loss Means Loss of Insurance Benefits

Don’t Become In”Patient” with Your Medical Records

As physicians and hospitals transition from paper to electronic medical records there are concerns that medical information will be even easier to access on an even larger scale. What can you do about it to keep your family and your health safe.

Continue reading Don’t Become In”Patient” with Your Medical Records

IdentityTruth: Is Your Identity the “Truth” and Nothing but the Truth?

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For about 33 cents or less a day, IdentityTruth can offer you 12 points of protection from identity theft. IdentityTruth’s protection is show to be so comprehensive that they back it with a guarantee. Read more to find out what protections Identity Truth offers and what IdentityTruth says about how it can protect you from identity theft.
The majority of people think their identity is safe, but studies reveal that 85% of consumers are victims of identity theft. Most people believe that they are taking the appropriate steps necessary to protect their identities; for example using practices like shredding pre-approved credit card offers and installing antivirus or spyware protection on their computer however these practices may not be enough. Last year 13 million consumer identities were compromised. A 2006 report from the FTC shows that out of $5 billion in identity fraud, only 25% involved credit card fraud and only 12% involved new account credit card fraud. That still leaves several other ways that your identity can be used illegally, such as obtaining a job, being charged with a crime, mortgage fraud and many other types of identity theft.

Continue reading IdentityTruth: Is Your Identity the “Truth” and Nothing but the Truth?

Identity Theft Insurance: What is It? and Do YOU Need It?

What is Identity Theft Insurance? What does it cover? How can I get it? Do I need it? And how much does it cost?
Your questions regarding identity theft insurance are answered in this post.

Continue reading Identity Theft Insurance: What is It? and Do YOU Need It?

UK Government Data Breach in The Postal Service

A massive data breach in the United Kingdom demonstrates how easy it is for sensitive data to be compromised.
Two CDs containing the personal information of almost every child under the age of 16 and their parents in the U.K. have gone missing. (That’s 25 million people who belong to 7.25 million families.)
The data, compiled for the payment of certain social benefits, includes each child’s name, address, date of birth, sex, and National Insurance number, the parents’ and any partners’ information, and in some cases, the family’s bank account details.

Continue reading UK Government Data Breach in The Postal Service