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    Identity theft cover, is it worth it?

    Phoned up to activate new credit card, only to get the hard sell.
    i was told that if someone was to steal my identity that i would become liable for the things they bought etc... unless i could prove other wise.
    surely this is up to the card company or who ever to prove it was me, not the other way around?
    They offered me cover for £59.99 for the year which includes my own personal adviser and insurance to cover any fees etc...
    After about 5 mins of listening and saying "no thanks" I got so fed up i just agreed and thought i`d cancel in the 14 days cooling off period.
    Does any body have any experience with identity theft?
    Do people really need this cover? if so can i get it cheaper some where else? or is it just another way for these companies to rip us off.
    I`d appreciate any advice, thanks.

    8 Comments

    i get cover by hsbc only costs £12 think its for as many card s you have in te household too

    If it's found that you incorrectly disposed of personal data which led to someone stealing your identity. i.e - chucking bank statements etc in the general rubbish then you can be held liable.

    I would stay clear.. its bit like the 'extended warranty' pressure you get when buying household items. Follow the simple steps in this ]BBC article to keep identity theives at bay, however, if you are really concerned you'd have this cover & probably cheaper elsewhere.

    Original Poster

    jasonrat

    i get cover by hsbc only costs £12 think its for as many card s you have … i get cover by hsbc only costs £12 think its for as many card s you have in te household too


    Is that just for your credit/bank cards? or does it cover things like people opening accounts etc.. in your name?

    Original Poster

    Syzable

    If it's found that you incorrectly disposed of personal data which led to … If it's found that you incorrectly disposed of personal data which led to someone stealing your identity. i.e - chucking bank statements etc in the general rubbish then you can be held liable.


    Thanks for replying, I`m really careful in that way, i shred anything with any details on and then burn it.

    Original Poster

    edi

    I would stay clear.. its bit like the 'extended warranty' pressure you … I would stay clear.. its bit like the 'extended warranty' pressure you get when buying household items. Follow the simple steps in this ]BBC article to keep identity theives at bay, however, if you are really concerned you'd have this cover & probably cheaper elsewhere.


    Thanks for the reply Edi, i`ll have a read through that later.
    I think it`s just scare tactics at the end of the day.

    jasonrat

    i get cover by hsbc only costs £12 think its for as many card s you have … i get cover by hsbc only costs £12 think its for as many card s you have in te household too



    Thats the Card protection cover, I guess

    If you're careful this shouldn't be a worry in the first place.
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