Some, but not all, travel insurance providers offer coverage to help protect you against identity theft while you're traveling. This particular benefit is unique in that it doesn't involve any kind of reimbursement; instead, it's a service that helps you monitor and resolve any issues that arise from a possible case of identity theft. Reimbursement of any funds you've lost would be handled through the appropriate banks or financial institutions once the travel insurance company registers your identity theft claim.
Benefits typically offered with identity theft coverage include:
Assistance and Education
When you contact your travel insurance provider to tell them that you think you've been the victim of identity theft, they'll take detailed records to help you determine conclusively whether or not there was in fact any fraud. They'll also provide you with information about preventing and resolving further damage.
Documentation and Reporting
The travel insurance company will likely send you some paperwork to be filled out, which will help document the issue for all pertinent parties – authorities, credit bureaus, and financial institutions included. They should also help you submit the form to the appropriate people and provide you with either the means to contact the authorities, or do it for you.
Examples of preventive measures your travel insurance company might undertake on your behalf may include things like enrolling you in a credit monitoring service and helping you to freeze or cancel and reissue your credit cards. Some companies will also continue to provide you with status reports for a defined period of time, so you can stay up-to-date on what's happening with the resolution process.
Resolution and Restoration
Since identity theft cases may involve the theft of personal documents or identification such as your passport and driver's license, travel insurance companies providing identity theft services may assist you in going through the process of getting replacements for those documents. In some cases, the company may also continue to follow up with creditors and financial institutions for a period of time after your claim was filed in order to make sure that the issue was properly resolved.