No one wants their identity stolen, but ID theft would be especially bad for St. Pierre, who manages Swingbridge Capital, a consultant for small and midsize businesses. St. Pierre says his personal-credit history is intertwined with his ability to raise debt to expand his business. If "someone stole my ID, it could prohibit me from adding an employee," he says, adding he "was pleased that this benefit was added."
For all the would-be benefits, some cyberfraud experts and consumer advocates question the value of ID-theft protection products. According to Consumer Reports, part of the nonprofit testing and product-information group Consumers Union, ID-theft insurance generally costs $25 to $50 a year and carries a maximum benefit of $15,000 to $25,000, with deductibles of $100 to $250 Consumer Reports doesn't recommend buying ID-theft insurance but instead offers tips on preventing it.
For all the would-be benefits, some cyberfraud experts and consumer advocates question the value of ID-theft protection products. According to Consumer Reports, part of the nonprofit testing and product-information group Consumers Union, ID-theft insurance generally costs $25 to $50 a year and carries a maximum benefit of $15,000 to $25,000, with deductibles of $100 to $250 Consumer Reports doesn't recommend buying ID-theft insurance but instead offers tips on preventing it.
