National Quotes has learned that identity theft has been growing at an alarming rate, forcing consumers to look into adding identity theft insurance to their home insurance coverage. According to the Insurance Information Institute (I.I.I.), criminals are seeking out new innovative ways to steal consumers’ identity information.

Javelin Strategy and Research reported that in 2011 identity theft increased by 13 percent, forcing people to be less complacent and to take a more aggressive stance of protecting their assets. Don Powell, chairman of FDIC, reported, “Our review illustrates that ID theft is evolving in more complicated ways and that more can and should be done to make online banking more secure.”

NationalQuotes research shows that insurance companies offer identity theft coverage for both theft of one’s assets and identity. Coverage of cash or credit card theft is limited to $200 for cash and $50 for credit cards.

Michael Barry, vice president of Media Relations of I.I.I., reported, “Victims of ID theft are often left with lower credit scores and spend months getting their credit records corrected.” Identity theft insurance provides consumers with reimbursement and restoration of their credit reports and identity.

Several insurance companies now include identity theft coverage under [b]home insurance coverage[/b], while other companies provide stand-alone policies and endorsements consumers can buy separately. NationalQuotes.com offers the best insurance quotes for home insurance coverage available on the market, providing consumers with options for policies that range from $25 to $50 annually.

Other insurance providers offer limited coverage where the consumer is alerted to any suspicious credit card activity before the identity theft can be completed. Before signing any policy, consumers should examine the homeowner’s policy to ensure identity theft coverage.

Once identity theft has occurred National Quotes recommends filing a claim with the insurance provider as quickly as possible due to the fact that there may be a limited time period available, which will negate the reimbursement if past the end date.